Corporate misreporting and bank loan contracting

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans initiated before restatement, loans initiated after restatement have significantly higher spreads, shorter maturities, higher likelihood of being secured, and more covenant restrictions...

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Veröffentlicht in:	Journal of financial economics 2008-07, Vol.89 (1), p.44-61
Hauptverfasser:	Graham, John R., Li, Si, Qiu, Jiaping
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Corporate crime Corporate finance Corporate fraud Corporate misreporting Cost of debt Debt management Financial reporting Financial restatement Financial restatements Financing methods Fraud Studies
Online-Zugang:	Volltext
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