Work from Home Suitability and Credit Risk Assessment

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dc.citation.volumeLatest Articles
dc.contributor.authorNguyen H
dc.contributor.authorPham MH
dc.contributor.authorTruong C
dc.date.accessioned2024-07-16T23:52:14Z
dc.date.available2024-07-16T23:52:14Z
dc.date.issued2023-07-07
dc.description.abstractEmploying firm-level work from home (WFH) suitability derived from the U.S. universe job postings, we investigate whether rating agencies and debt holders incorporate WFH suitability in their risk assessments. We document that firms with higher WFH suitability have higher credit ratings and lower costs of debt. Our results are robust to different fixed effect estimations, sampling methods, and controls. We identify two ways that WFH suitability translates into higher credit ratings: high WFH suitability is associated with lower future cash flow volatility and lower default risk. Overall, our study suggests that WFH suitability is an important determinant of credit risk assessments and that firms should see flexible work arrangements as an effective strategy in their crisis management planning.
dc.description.confidentialfalse
dc.edition.edition2023
dc.format.pagination1-34
dc.identifier.citationNguyen H, Pham MH, Truong C. (2023). Work from Home Suitability and Credit Risk Assessment. European Accounting Review. Latest Articles. (pp. 1-34).
dc.identifier.doi10.1080/09638180.2023.2239865
dc.identifier.eissn1468-4497
dc.identifier.elements-typejournal-article
dc.identifier.issn0963-8180
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/70206
dc.languageEnglish
dc.publisherTaylor and Francis Group
dc.publisher.urihttps://www.tandfonline.com/doi/full/10.1080/09638180.2023.2239865
dc.relation.isPartOfEuropean Accounting Review
dc.rights(c) 2023 The Author/s
dc.rightsCC BY-NC-ND 4.0
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectWork from home
dc.subjectCredit rating
dc.subjectDefault risk
dc.titleWork from Home Suitability and Credit Risk Assessment
dc.typeJournal article
pubs.elements-id477847
pubs.organisational-groupOther
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