Creditor Rights, Conflict of Interest Among Creditors, and Borrowers’ Accounting Conservatism: Evidence From Anti-Recharacterization Laws
Journal of Accounting, Auditing & Finance
Published online on February 03, 2025
Abstract
Journal of Accounting, Auditing & Finance, Volume 41, Issue 2, Page 732-758, April 2026.
Using the staggered adoption of anti-recharacterization laws (ARLs) as an exogenous shock to creditor rights, we study the effects of creditor rights on borrowers’ accounting conservatism. By forbidding securitized assets from being recharacterized as ...
Using the staggered adoption of anti-recharacterization laws (ARLs) as an exogenous shock to creditor rights, we study the effects of creditor rights on borrowers’ accounting conservatism. By forbidding securitized assets from being recharacterized as ...