Does the use of hybrids cause distortions in financial statement disclosures? | Macquarie University ResearchOnline

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/39867

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Title: Does the use of hybrids cause distortions in financial statement disclosures?
Related: Journal of law and financial management, Vol. 4, Issue 2, p.4-19
Related: http://www.mgsm.edu.au/wps/wcm/connect/f03f2200479e61579a65dff62e67f7cc/jlfmnov05-NFinch.pdf?MOD=AJPERES
Publisher: Macquarie Graduate School of Management
Date: 2005
Author/Creator: Finch, Nigel
Description: This paper reports on a study of a sample of hybrid securities issued by large Australian listed corporations between 2002 and 2004. The paper focuses on the key financial reporting impacts of this sample. From a balance sheet perspective these include the frequency with which the securities were classified as equity and the resulting impact on leverage ratios and other traditional risk measures. The impact of these securities on reported earnings and key financial performance metrics is also discussed. Policy implications are drawn from the findings by way of conclusion.
Description: 16 page(s)
Subject Keyword: hybrid securities
Subject Keyword: financial reporting
Subject Keyword: creative accounting
Resource Type: journal article
Resource Type: Journal Of Law And Financial Management Collection
Organisation: Macquarie University. Macquarie Graduate School of Management

Identifier: http://hdl.handle.net/1959.14/39867
Identifier: ISSN:1446-6899
Identifier: mq-rm-2005003236
Language: eng
Rights: Publisher version archived with the permission of the publisher Macquarie Graduate School of Management, Macquarie University, NSW, Australia. This archived copy is available for individual, non-commercial use. Permission to use this version for other uses must be obtained from the publisher.
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