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Keywords: borrowing cost
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Journal Articles
Journal of Governmental & Nonprofit Accounting (2022) 11 (1): 59–86.
Published: 01 December 2022
...Anna W. Hickey; Jack W. Dorminey ABSTRACT We investigate the effects of state economic activity on the association of changes in the general fund (i.e., net revenue) and borrowing cost. Extant literature has established that net revenue is associated with municipal bond market metrics (e.g., true...