Accounting information and municipal bond net interest cost: An empirical evaluation

On the Value of Municipal Bond Insurance: An Empirical Analysis

“…2 See Cole and Officer (1981), Hsueh and Chandy (1989), Apostolou, Reeve and Giroux (1984), Bland (1987), Simonsen, Robbins and Helgerson (2001). 3 See Peng (2002).…”

On the Value of Municipal Bond Insurance: An Empirical Analysis

“…2 See Cole and Officer (1981), Hsueh and Chandy (1989), Apostolou, Reeve and Giroux (1984), Bland (1987), Simonsen, Robbins and Helgerson (2001). 3 See Peng (2002).…”

Regulated public accessibility to municipalities’ financial reports and bond interest cost

“…Similar to prior research (Pridgen and Wilder, 2013;Denison et al, 2007;Apostolou et al, 1984), we also include socio-economic attributes that can affect bond interest cost (PerCapIncome; Ln Population; Unemployment Rate). PerCapIncome is personal income per capita.…”

The Relative Influence of Fund-Based and Government-Wide Financial Information on Municipal Bond Borrowing Costs

“…Given that GAPerf reflects the longer-term operating decisions of the government, it could also be influenced by actions of some governments to boost short-term financial performance (i.e., GFPerf ) by shifting the cost of current services to future periods. Governments have a history of deferring the cost of current services by offering more liberal vacation and sick leave policies, reducing pension contributions (Chaney, Copley, and Stone 2002;Apostolou, Reeve, and Giroux 1984), and deferring maintenance on capital plant. Under the pre-Statement No.…”

On the Value of Municipal Bond Insurance: An Empirical Analysis

“…2 See Cole and Officer (1981), Hsueh and Chandy (1989), Apostolou, Reeve and Giroux (1984), Bland (1987), Simonsen, Robbins and Helgerson (2001). 3 See Peng (2002).…”

Regulated public accessibility to municipalities’ financial reports and bond interest cost

“…Similar to prior research (Pridgen and Wilder, 2013;Denison et al, 2007;Apostolou et al, 1984), we also include socio-economic attributes that can affect bond interest cost (PerCapIncome; Ln Population; Unemployment Rate). PerCapIncome is personal income per capita.…”

The Relative Influence of Fund-Based and Government-Wide Financial Information on Municipal Bond Borrowing Costs

“…Given that GAPerf reflects the longer-term operating decisions of the government, it could also be influenced by actions of some governments to boost short-term financial performance (i.e., GFPerf ) by shifting the cost of current services to future periods. Governments have a history of deferring the cost of current services by offering more liberal vacation and sick leave policies, reducing pension contributions (Chaney, Copley, and Stone 2002;Apostolou, Reeve, and Giroux 1984), and deferring maintenance on capital plant. Under the pre-Statement No.…”

On the Value of Municipal Bond Insurance: An Empirical Analysis

“…2 See Cole and Officer (1981), Hsueh and Chandy (1989), Apostolou, Reeve and Giroux (1984), Bland (1987), Simonsen, Robbins and Helgerson (2001). 3 See Peng (2002).…”

Regulated public accessibility to municipalities’ financial reports and bond interest cost

“…Similar to prior research (Pridgen and Wilder, 2013;Denison et al, 2007;Apostolou et al, 1984), we also include socio-economic attributes that can affect bond interest cost (PerCapIncome; Ln Population; Unemployment Rate). PerCapIncome is personal income per capita.…”

The Relative Influence of Fund-Based and Government-Wide Financial Information on Municipal Bond Borrowing Costs

“…Given that GAPerf reflects the longer-term operating decisions of the government, it could also be influenced by actions of some governments to boost short-term financial performance (i.e., GFPerf ) by shifting the cost of current services to future periods. Governments have a history of deferring the cost of current services by offering more liberal vacation and sick leave policies, reducing pension contributions (Chaney, Copley, and Stone 2002;Apostolou, Reeve, and Giroux 1984), and deferring maintenance on capital plant. Under the pre-Statement No.…”