文章基本信息

标题：Does the Relationship between Accounting Disclosure and Bank Loan Contracts Vary with Borrower Characteristics? Evidence from Emerging Markets
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作者：Dekui Li ; Liang Song ; Zhaoguo Zhang 等
期刊名称：Asian Journal of Finance & Accounting
印刷版ISSN：1946-052X
出版年度：2014
卷号：6
期号：1
页码：440-463
语种：English
出版社：Macrothink Institute
摘要：We examine how borrower characteristics affect the relationship between accounting disclosure and bank loan contracts in emerging economies. We find that the effects of accounting disclosure on bank loan contracting terms such as the loan size, the loan maturity, and the loan spread, are more significant for borrowers with smaller size, higher leverage, lower profitability, lower tangibility, less diversity, younger age, and less lending relationship. These results suggest that the relationship between accounting disclosure and bank loan contracting terms are more pronounced for firms with higher credit risk.