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Discussion of The Determination of Long-Term Credit Standing with Financial Ratios.
- Source :
- Journal of Accounting Research (Wiley-Blackwell); 1966 Supplement, Vol. 4 Issue 3, p67-70, 4p
- Publication Year :
- 1966
-
Abstract
- The article discusses the long-term credit determined through financial ratios and reports on the paper "The Determination of Long-Term Credit Standing with Financial Ratios," by James O. Horrigan. Horrigan states, in his paper, that the best variable of an independent nature in the study of default risk is one which can be scaled on a continuum which ranges from certain repayment through certain default; however, he says such a variable does not exist. The author believes an alternative measure of default risk may very well be bond yields or the risk premium on bonds.
Details
- Language :
- English
- ISSN :
- 00218456
- Volume :
- 4
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Accounting Research (Wiley-Blackwell)
- Publication Type :
- Academic Journal
- Accession number :
- 6415640
- Full Text :
- https://doi.org/10.2307/2490170