The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting
By Michael R. Roberts. 2015
377 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/02879f2f40658ec04f31fb6d88468646e12c6859
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Michael Schwert
- Valeri V. Nikolaev
- Hans B. Christensen
- Regina Wittenberg-Moerman
- Olivier Darmouni
- Matthew C. Plosser
- Stephan Luck
- Gabriel Chodorow-reich
In Finance
- Michael Schwert
- Valeri V. Nikolaev
- Olivier Darmouni
- Matthew C. Plosser
- Stephan Luck
- Hans B. Christensen
- Gabriel Chodorow-reich
- Regina Wittenberg-Moerman
Citations in the corpus
- Bank Capital and Lending Relationships: Bank Capital and Lending Relationships (2017, positive): “While the Chava and Roberts (2008) link table allows me to merge the loan data with borrower characteristics, a similar table is not available for lenders.”
- Accounting Information in Financial Contracting: The Incomplete Contract Theory Perspective (2016, positive): “Debt contract renegotiations are often triggered by the arrival of new information about the borrower or changes in macroeconomic conditions (Roberts and Sufi, 2009c, Roberts 2015).”
- Bank liquidity provision across the firm size distribution (2020, background): “Since the largest firms have primarily long-term credit lines and term loans, the evidence in Table 4 confirms the active maturity management for large firms documented in Roberts (2015) and Mian and Santos (2018) .”
- Why Do Loans Contain Covenants? Evidence from Lending Relationships (2017, neutral): “The results show that financial covenant use increases by about 4% from the low to the medium category and decreases It should be noted that a substantial number of the observations in DealScan are renegotiations, rather than new loan originations (Roberts and Sufi, 2009b; Roberts, 2010).”