Shaffer, Sherrill L.Sokolyk, Tatyana2024-02-082024-02-082012-08-082229-689110.15786/13678954https://wyoscholar.uwyo.edu/handle/internal/1520https://doi.org/10.15786/13678954While 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.enghttps://creativecommons.org/licenses/by/4.0/Businessbank lendingbank loan announcementsinformation asymmetrynewly public firms JEL Code: G14G21journal contribution