Richardson, Grant; Obaydin, Ivan; Kent, Pamela Fae - In: Journal of Accounting Literature 45 (2023) 3, pp. 458-473
Purpose Considering the importance of environmental lawsuits in the capital market specifically and society more … generally, the authors examine whether environmental lawsuits are related to the cost of bank loans for the first time. Design … relationship between environmental lawsuits and firms' bank loan costs. The results are economically significant. In particular, a …