Xu, Si; Gong, Guangming; Gong, Xun - In: China journal of accounting research : CJAR 10 (2017) 4, pp. 317-339
This study examines the relationship between accruals quality and the underpricing of corporate bonds in China and how underwriter reputation affects this relationship. We find that (1) accruals quality is negatively associated with the magnitude of bond underpricing and (2) the impact of low...