Francis, Bill; Hasan, Iftekhar; Koetter, Michael; Wu, Qiang - Center for Economic Institutions, Institute of Economic … - 2009
This paper investigates the role of corporate boards in bank loan contracting. We find that when corporate boards are … structure and other director characteristics also influence bank loan price. However they do not consistently affect all non …-price loan terms except for audit committee independence. Moreover, the impact of board independence on bank loans varies with …