The Determinants of Contract Terms in Bank Revolving Credit Agreements

By Steven A. Dennis, Debarshi K. Nandy, L. Sharpe. Journal of Financial and Quantitative Analysis, 2000

353 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b7e9cca04f7b789a4ff6692bea77a3238ea2a013

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Citations in the corpus

Large-Sample Evidence on the Debt Covenant Hypothesis (2002, background): “That is, we are able to match 42% of the loans on Dealscan to Compustat, a proportion that is very similar to the 40% that Dennis et al. (2000) report.”
The Determinants of Corporate Debt Maturity Structure (2012, methodology): “…only a system of simultaneous equations can represent these joint decisions as banks offer a number of loans from which the borrowers choose their desired contract features based on the loans’ characteristics as well as their own ability to pay off the debt in the future (Dennis et al., 2000).”
Evidence of jointness in the terms of relationship lending (2007, background): “…Hu (2006), Cole (1998), Cole et al. (2004), Conigliani et al. (1997), Cosci and Meliciani (2002), D'Auria et al. (1999), Degryse and Ongena (2005), Dennis et al. (2000), Dietsch (2003), Elsas (2005), Elsas and Krahnen (1998) (2002), Ewert et al. (2000), Ferri and Messori (2000), Guiso (2003), Hao…”
Lending Relationships and Loan Contract Terms (2011, neutral): “As in Dennis et al. (2000) we assume a unidirectional relationship between the price (AISD) term and non-price (Collateral requirement and Maturity) terms.”
Bargaining power and information in SME lending (2010, background): “In particular, the literature (theory and empirical work) is not conclusive about whether contracted loan spreads and collateral work in the same or opposite direction (e.g., Dennis et al. 2000; Brick and Palia 2007).”
Collateral, relationship lending and family firms (2010, result): “relationship between firm size and collateral usage was confirmed by Dennis et al. (2000), Lehmann and”
Accounting Quality and Debt Contracting (2008, background): “…as a mark-up over LIBOR and is paid by the borrower on all drawn lines 11 Other papers that have used this database include Carey, Post and Sharpe (1998), Hubbard, Kuttner and Palia (1998), Strahan (1999), Sunder (2002), Beatty and Weber (2003), and Dennis, Nandy, and Sharpe (2000). of credit.”
On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China (2018, methodology): “(2011) and Dhaliwal et al. (2011) find that firms with better CSR scores exhibit less expensive equity financing.”
Negotiated Measurement Rules in Debt Contracts (2010, neutral): “The properties of accounting variables in S∗ are the main interest of this paper.(14) Debt covenants reduce the agency costs of debt by mitigating moral hazard and adverse selection problems.”
The impact of corporate social responsibility on the cost of bank loans (2011, methodology): “3 Dennis, Nandy and Sharpe (2000) provide a thorough review of the determinants of loan contract terms.”
Lending to small businesses: the role of loan maturity in addressing information problems (2008, neutral): “for large firms by Dennis et al. (2000), and with findings for small firms by Leeth and Scott (1989).”