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This study examines how earnings predictability affects bank loan contracting. Using a sample of 8,626 bank loan … bank loan cost varies with the availability of private information about borrowers, lenders' monitoring incentives, the … important determinant in the design of bank lending contracts affecting both price and nonprice loan terms …
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volatility, we find that firms with high stock price fragility pay higher bank loan costs than firms with low fragility. This …
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substitute channel, and the credit-enhancement channel plays an important role in bank loan sales …
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. Consequently, bank loan sales are higher for firms that are actively traded in the CDS market. In addition, we find evidence that …
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