Park, Jong; Wu, Qiang - 2009
secondary loan market, which has become one of the largest capitalmarkets in the US, and ask the following: (1) whether … arrives at thesecondary loan market earlier than at the stock market? Using 176 restatement data, we findsignificant negative … abnormal loan returns and increased bid-ask spreads around restatementannouncements. Furthermore, this negative loan market …