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Bank Loans and Under-Performers

journal contribution
posted on 08.08.2012, 00:00 by Sherrill L. Shaffer, Tatyana Sokolyk
While theory predicts that bank loans provide valuable information to market participants, empirical results have been mixed. We propose and test the hypothesis that the benefits of bank loan announcements accrue differentially as a function of the borrowing firms' financial or operating performance. Evidence from a sample of newly public firms supports this hypothesis.

History

ISSN

2229-6891

ISO

eng

Language

English

Publisher

University of Wyoming. Libraries

Journal title

International Research Journal of Applied Finance

Collection

Faculty Publications - Economics