Richardson, Grant; Obaydin, Ivan; Kent, Pamela Fae - In: Journal of Accounting Literature 45 (2023) 3, pp. 458-473
relationship between environmental lawsuits and firms' bank loan costs. The results are economically significant. In particular, a … one standard deviation increase in environmental lawsuits is related to a 2.07 basis point increase in bank loan costs … between environmental lawsuits and bank loan costs. Finally, additional analyses show that environmental lawsuits are …