作者：FLORY, SM; PHILLIPS, TJ; REIDENBACH, RE; ROBIN, DP
作者单位：University of Southern Mississippi
作者：CHEN, KCW; WEI, KCJ
作者单位：Hong Kong University of Science & Technology
摘要：Positive theory hypothesizes that accounting-based debt covenants are important factors in accounting choices. According to Watts and Zimmerman's (1990) survey, this hypothesis has generally been supported by earlier studies. That is, the closer the firm is to violating accounting covenants, the more likely managers would choose income-increasing methods. Recently, research attention has shifted to the event of covenant violation itself. For example, Beneish and Press (1993) estimate debtors' ...
作者：JONES, SK; PONEMON, LA
作者单位：Babson College; State University of New York (SUNY) System; Binghamton University, SUNY
