Hanna Lee

LeeHanna

Dr. Hanna Lee has research interests that include the study of debt markets, default prediction, disclosure and financial reporting quality. At the 2011 American Accounting Association Annual Meetings, Lee presented her paper, "Creditor Coordination Effects and Bankruptcy Prediction." In this study, she investigates the increase in forecasting accuracy of hazard rate bankruptcy prediction models with creditor coordination effects over the forecasting period 1990-2009. The most striking finding of this study is an increase, on average, of 10% in forecasting accuracy of private firm prediction models.

Fearless Idea 14: Reduce the Cost of Debt

Public companies — owned by shareholders with stock — have the advantage of being able to easily tap into financial markets when they need money, either by selling more equity as stock or often by issuing portions of their debt as bonds. Private companies — owned by the company’s founders, a management group or private investors such as a private equity group — can also sell off their debt as public bonds. But for them, the cost is much higher. New research from Smith School professor Hanna Lee has implications for firms weighing different ownership types and how that will impact the cost of capital. Read more...

Hanna Lee

Dr. Hanna Lee has research interests that include the study of debt markets, default prediction, disclosure and financial reporting quality. At the 2011 American Accounting Association Annual Meetings, Lee presented her paper, “Creditor Coordination Effects and Bankruptcy Prediction.” In this study, she investigates the increase in forecasting accuracy of hazard rate bankruptcy prediction models with creditor coordination effects over the forecasting period 1990-2009.

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