The DOI matches its Crossref record; 52 of the 52 references it cites were found in a registry or an index.
Creditor Rights, Enforcement, and Bank Loans
Open accessAbstract
We examine whether differences in legal protection affect the size, maturity, and interest rate spread on loans to borrowers in 48 countries. Results show that banks respond to poor enforceability of contracts by reducing loan amounts, shortening loan maturities, and increasing loan spreads. These effects are both statistically significant and economically large. While stronger creditor rights reduce spreads, they do not seem to matter for loan size and maturity. Overall, we show that variation in enforceability of contracts matters a great deal more to how loans are structured and how they are priced.
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Cites
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Econometric Analysis of Panel Data
Baltagi, B. H. (2021) · Springer Texts in Business and Economics · doi:10.1007/978-3-030-53953-5 · Cited by 15,104
Determinants of corporate borrowing
Myers, S. C. (1977) · Journal of Financial Economics · doi:10.1016/0304-405x(77)90015-0 · Cited by 13,169
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
Petersen, M. A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn053 · Cited by 10,746
Legal Determinants of External Finance
LA PORTA, R., LOPEZ‐DE‐SILANES, F., SHLEIFER, A., & VISHNY, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb02727.x · Cited by 9,783
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The colonial origins of comparative development: An empirical investigation
Acemoglu, D., Johnson, S., & Robinson, J. A. (2001) · American Economic Review · doi:10.1257/aer.91.5.1369 · Cited by 8,517
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Family control and corporate social responsibility
El Ghoul, S., Guedhami, O., Wang, H., & Kwok, C. C. Y. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2016.08.008 · Cited by 304
Cross-listing and corporate social responsibility
Boubakri, N., El Ghoul, S., Wang, H., Guedhami, O., & Kwok, C. C. Y. (2016) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2016.08.008 · Cited by 264
Metadata
- Authors
- BAE, K., & GOYAL, V. K.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2009-03-13
- Volume
- 64
- Issue
- 2
- Pages
- 823-860
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W1980599199
- Cited by
- 800
- References
- 52
- FWCI
- 48.74
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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