How Laws and Institutions Shape Financial Contracts: The Case of Bank Loans

By J. Qian, Philip E. Strahan. 2007

305 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/971030d6186cf040b10868332981ac3dc2ad1da8

Citations in the corpus

• Political Rights and the Cost of Debt (2010, unknown): “In contrast to LLSV (1997, 4 These studies address the impact of legal institutions on corporate governance (LLSV, 2000); corporate valuations (LLSV, 2002); firms’ external finance and growth (Demirguc-Kunt and Maksimovic, 1998); firms’ debt maturity structures (Demirguc-Kunt and Maksimovic, 1999); ”
• Capital is not enough: opportunity entrepreneurship and formal institutions (2018, unknown): “…institutions provide individuals with more options to fund their ventures as lenders often accept collateral (Adelino et al. 2015) and offer greater creditor protection (La Porta et al. 1997, 2000; Qian and Strahan 2007), which can reduce the overreliance on self-funding for new business start-ups.”
• 'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets (2012, unknown): “This may depend on the fact that foreign banks are more inclined to lend when creditor rights are better protected as the findings of Haselmann, Pistor and Vig (2005) and Qian and Strahan (2007) suggest.”
• Capital Structure Decisions around the World: Which Factors Are Reliably Important? (2015, unknown): “1Rajan and Zingales (1995) argue that strong creditor rights enhance ex ante contractibility and give management incentives to avoid bankruptcy.”
• Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market (2012, unknown): “Following Qian and Strahan (2007), Santos (2010), and others, we perform our main tests at the facility level; that is, we treat the facilities in each deal as different loans.7 We exclude certain loan facilities from the sample: (1) loans in…”
• China’s Financial System: Opportunities and Challenges (2011, unknown): “15 With a large sample of syndicated loans around the globe, Qian and Strahan (2007) show that strong creditor protection (in borrower countries) enhances loan availability as lenders are more willing to provide credit on favorable terms (e.g., longer maturities and lower interest rates).”
• Does Collateral Help Mitigate Adverse Selection? A Cross-Country Analysis (2011, unknown): “Following Qian and Strahan (2007), we drop loans to firms from the financial industry (SIC 6) and from the public sector (SIC 9).”
• Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans (2012, unknown): “For this subsample, whose size is comparable to the sample of Qian and Strahan (2007), we have information on sales, percentage of foreign sales, the market to book ratio, profitability (net income over assets), and the proportion of tangible assets (property, plants and equipment) over total 16 We…”
• How Collateral Laws Shape Lending and Sectoral Activity (2016, unknown): “See, for example, DemirgucKunt and Maksimovic (1998), Qian and Strahan (2007), Bae and Goyal (2009), and Liberti and Mian (2010).”
• Are financial development and corruption control substitutes in promoting growth (2008, unknown): “Among more recent contributions, Chinn and Ito (2005) find that corruption affects the emergence of equity markets; Qian and Strahan (2005) show how corruption and legal variables affect loan contract terms, including use of collateral and maturity; Beck et al. (2006) examine prevalence of…”
• The Impact of CFO Gender on Bank Loan Contracting (2013, unknown): “Following previous studies, such as those by Qian and Strahan (2007), Bharath, Sunder, & Sunder (2008), Graham, Li, and Qiu (2008), and Francis, Hasan, Koetter, & Wu (2012), we control for several firm characteristics that may affect the loan price in the regressions.”