This study proposes an information asymmetry hypothesis to examine why bank credit ratings vary among countries even … when bank financial ratios remain constant. Countries are divided among those with low and high information asymmetry. The … financial ratios on ratings are enhanced in low information asymmetry countries but reduced in countries with high information …

Recently, banking literature has had a quest for appropriate pricing of bank loans under the new Basel II rules and has … price bank's corporate loans, aiming at making bank managers aware of the creation/destruction of shareholder value. We show …

private information content is higher. The results suggest that bank discretionary and private information acquisition … time and lending institutions and show that part of this discretion is due to private information that lenders have on …

increase in firm borrowing costs is mitigated in the presence of previous bank-firm lending relationships and for borrowers …

We examine the effect of firm credit rating downgrades on the pricing and structure of syndicated bank loans following … bounded firms' bank financing costs …

corporate loans and a positive one on non-price terms (loan maturity, size, covenants, and collateral). The results also … higher, while punished banks intensify use of collateral …

This paper examines the effects of strategic alliances on non-financial firms' bank loan financing. We construct …) can provide an endorsement effect and benefit the borrowers by reducing the price of bank loans. Moreover, a borrowing … firm positioned at the centre of an alliance network enjoys a lower cost of bank loans. Finally, we find that borrowing …

higher costs for borrowers? Theoretical models suggest that when borrowers experience greater information asymmetry, higher …