MARC 主機 00000nam  2200337   4500 
001    AAI3474682 
005    20120516131823.5 
008    120516s2011    ||||||||||||||||| ||eng d 
020    9781124915012 
035    (UMI)AAI3474682 
040    UMI|cUMI 
100 1  Li, Wu-Lung 
245 10 Accounting quality and corporate liquidity management 
300    73 p 
500    Source: Dissertation Abstracts International, Volume: 73-
       01, Section: A, page:  
500    Adviser: Suresh Radhakrishnan 
502    Thesis (Ph.D.)--The University of Texas at Dallas, 2011 
520    In this paper I examine whether accounting quality is 
       associated with corporate liquidity management.  The 
       theory suggests that firms should substitute bank credit 
       lines for cash holdings since holding cash incurs certain 
       costs.  I argue that this substitution depends on the 
       firm's accounting quality.  Good accounting quality 
       facilitates debt contracting and helps firms access bank 
       credit lines.  As a result, firms with better accounting 
       quality should be capable of obtaining more credit lines 
       for their liquidity needs, while firms with worse 
       accounting quality have to rely more on cash holdings.  
       Empirically, I find that the portion of total liquidity 
       needs provided by credit lines increases in accounting 
       quality.  I also find that this substitution is determined
       more by innate accruals quality, which is driven by the 
       firm's business fundamentals, than by discretionary 
       accruals quality, which is driven by managerial discretion
       in accounting.  Overall, the findings suggest that poor 
       accruals quality prohibits firms from accessing the debt 
       market and causes firms to deviate from a better liquidity
590    School code: 0382 
650  4 Business Administration, Accounting 
690    0272 
710 2  The University of Texas at Dallas.|bAccounting 
773 0  |tDissertation Abstracts International|g73-01A 
856 40 |u