Zhang (2008) argues that if a borrower adopts conservative accounting methods this will reduce the risk exposure

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Zhang (2008) argues that if a borrower adopts conservative accounting methods this will reduce the risk exposure of the lender and will lead to a reduced interest cost for the borrower. What is the basis of this argument?

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Financial Accounting Theory

ISBN: 9780071013147

4th Edition

Authors: Craig Deegan, H. Bierman

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Question Posted: Jun 05, 2024 01:03 AM

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Zhang (2008) argues that if a borrower adopts conservative accounting methods this will reduce the risk exposure

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Financial Accounting Theory

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