This paper examines the impact of corporate governance practices on the reported cost of contracted debt for Australian listed companies. Good governance decreases the variability in cash flows, reduces the probability of default (reduces default risk), increases the quality of value-relevant...

The purpose of this research is to predict the fundamental performance of a firm as measured by the rate of return on assets (ROA). The paper presents a model relating ROA to prior year ROA and to the level of activity in the economy. A principal components' analysis of thirty-three economic...