EA Alice: Madness Returns - Trilogy

This paper investigates the impact of debt covenant protection on the cross section of equity returns with a firm-level covenant index and four subindices. We find that firms with weaker covenant protection lower covenant index levels earn significantly ...

This paper builds the portfolios and composite index of the cash dividend and stock dividend company, then studies the influences of the two kinds of dividend policies on returns. The empirical results show the two abnormal returns have significant ...

In this paper, corporate bonds and enterprise bonds existing in 2011-2019 in China are included as samples in an empirical study on the relationship between earnings management and cross-sectional return on credit bonds using the method of univariate ...