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Corporate Misreporting and Bank Loan Contracting

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NBER2007-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13708
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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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2007-12-01
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