The Cost of Bank Loans

1972 ◽  
Vol 7 (5) ◽  
pp. 2077 ◽  
Author(s):  
Bernell K. Stone
Keyword(s):  
Bank Loans ◽  
The Cost

Industry Concentration and the Cost of Bank Loans

2010 ◽  
Author(s):  
Hoje Jo ◽  
Jay Junghun Lee ◽  
Jong Chool Park
Keyword(s):  
Bank Loans ◽  
Industry Concentration ◽  
The Cost

scholarly journals Stock price fragility and the cost of bank loans

2021 ◽  
Author(s):  
Bill Francis ◽  
Iftekhar Hasan ◽  
Yinjie (Victor) Shen ◽  
Pengfei Ye
Keyword(s):  
Stock Price ◽  
Bank Loans ◽  
The Cost

Debt maturity dispersion and the cost of bank loans

2021 ◽  
pp. 102049
Author(s):  
Wan-Chien Chiu ◽  
Tao-Hsien Dolly King ◽  
Chih-Wei Wang
Keyword(s):  
Debt Maturity ◽  
Bank Loans ◽  
The Cost

scholarly journals The cost of growth: small firms and the pricing of bank loans

2015 ◽  
Vol 46 (2) ◽  
pp. 255-272 ◽  
Author(s):  
Anoosheh Rostamkalaei ◽  
Mark Freel
Keyword(s):  
Small Firms ◽  
Bank Loans ◽  
The Cost

Do Shareholder Rights Affect the Cost of Bank Loans?

2008 ◽  
Vol 22 (8) ◽  
pp. 2973-3004 ◽  
Author(s):  
Sudheer Chava ◽  
Dmitry Livdan ◽  
Amiyatosh Purnanandam
Keyword(s):  
Bank Loans ◽  
Shareholder Rights ◽  
The Cost

Does trust matter for the cost of bank loans?

2021 ◽  
Vol 66 ◽  
pp. 101791
Author(s):  
Celia Álvarez-Botas ◽  
Víctor M. González
Keyword(s):  
Bank Loans ◽  
The Cost

Auditor Changes and the Cost of Bank Debt

2016 ◽  
Vol 92 (3) ◽  
pp. 155-184 ◽  
Author(s):  
Bill B. Francis ◽  
Delroy M. Hunter ◽  
Dahlia M. Robinson ◽  
Michael N. Robinson ◽  
Xiaojing Yuan
Keyword(s):  
Financial Reporting ◽  
Reporting Quality ◽  
Bank Loans ◽  
Financial Reporting Quality ◽  
Bank Debt ◽  
Market Participants ◽  
Research Designs ◽  
Private Credit ◽  
Loan Spreads ◽  
The Cost

ABSTRACT We examine the response of informed market participants to the informational signal of auditor changes. Using propensity score matching and difference-in-differences research designs, we document that loan spreads increase by 22 percent on bank loans initiated within a year after auditor changes, increasing direct loan costs by approximately $6.6 million. We also find a significant increase in upfront and annual fees and the probability of pledging collateral, consistent with an increase in screening and monitoring by banks. The increase in spreads is significant for client-initiated auditor changes, with or without disagreements with the auditor, as well as for auditor resignations. Further, the significant increase in loan spreads is documented for upward, lateral, and downward auditor changes. Our results are robust to other proxies for financial reporting quality. Finally, we find no effect resulting from the forced auditor changes due to Arthur Andersen. Collectively, these results suggest that voluntary auditor changes increase information risk, which is priced in private credit markets. JEL Classifications: G20; G21; G32; K22.

scholarly journals Beauty is in the eye of the beholder: The effect of corporate tax avoidance on the cost of bank loans

2014 ◽  
Vol 113 (1) ◽  
pp. 109-130 ◽  
Author(s):  
Iftekhar Hasan ◽  
Chun Keung (Stan) Hoi ◽  
Qiang Wu ◽  
Hao Zhang
Keyword(s):  
Tax Avoidance ◽  
Bank Loans ◽  
Corporate Tax ◽  
The Cost
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