Bank Loans and Under-Performers
journal contributionposted on 15.11.2021, 21:29 authored 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.
PublisherUniversity of Wyoming. Libraries
Journal titleInternational Research Journal of Applied Finance
CollectionFaculty Publications - Economics
- Library Sciences - LIBS