Do Shareholder Rights Affect the Cost of Bank Loans

By Sudheer Chava, Dmitry Livdan, Amiyatosh Purnanandam. 2009

389 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6a751fcd50b7e7a91f0daface57cd374b6a5fabe

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Citations in the corpus

The Impact of CFO Gender on Bank Loan Contracting (2013, positive): “The results of the loan variables are very similar to those of Chava et al. (2009)”
Strategic Ownership Structure and the Cost of Debt (2012, background): “Secured loans pay a signicantly higher loan price, which is consistent with the theoretical prediction that banks will demand higher collateral from relatively high-risk borrowers (Aghion and Bolton, 1992; Rajan and Winton, 1995) and complements other empirical studies (Berger and Udell, 1990; John”
Shareholder Litigation Rights and the Cost of Debt: Evidence from Derivative Lawsuits (2018, background): “Good corporate governance may exacerbate the conflicts between shareholder and debtholders, leading to a wealth transfer from debtholder to shareholders though risk-shifting (Smith and Warner, 1979; John et al., 2008; Chava et al., 2009).”
The voluntary adoption of International Financial Reporting Standards and loan contracting around the world (2011, positive): “loan size and/or shortening loan maturity (Strahan 1999; Qian and Strahan 2007; Chava et al. 2008; Bae and Goyal 2009).”
Corporate Governance and the Cost of Debt: Evidence from Director Limited Liability and Indemnification Provisions (2011, positive): “Closely related are studies by Klock et al. (2005), Ashbaugh-Skaife et al. (2006, “ACL” henceforth), and Chava et al. (2009b), who show that antitakeover strength of a firm as proxied by the G-index is associated with a lower cost of debt.”
The impact of climate change on the cost of bank loans (2020, positive): “consistent with the prior literature (Bradley and Roberts 2015; Chava et al. 2009; Chava 2014).”
Ownership Structure and the Cost of Corporate Borrowing (2011, positive): “See Claessens et al. (2000) and Faccio and Lang (2002) for many more complex examples and detailed discussions.”
Corporate Governance, Accounting and Finance: A Review (2011, positive): “Alternatively, banks charge higher loan spreads to firms more vulnerable to takeover, mainly because of their concern about a substantial increase in financial risk after a takeover (Chava et al., 2009).”