This paper examines the impact of borrowers' managerial ability on lenders' bank-loan pricing and the channels through which managerial ability affects bank-loan pricing. Using a large sample of U.S. bank loans, we provide evidence that higher managerial ability is associated with lower...

This paper examines whether independent directors' compensation is associated with related party transactions (RPTs). We focus both on directors' total compensation and on their equity-based compensation. Employing hand-collected data for S&P 1500 firms, we find that independent directors'...

This paper examines whether independent directors' compensation is associated with related party transactions (RPTs). We focus both on directors' total compensation and on their equity-based compensation. Employing hand-collected data for S&P 1500 firms, we find that independent directors'...

This paper examines economic consequences of a 2006 Securities and Exchange Commission regulation that mandated public firms to disclose their governance policies on related-party transactions (hereafter RPTs). Employing hand-collected RPT data for S&P 1500 firms, we find that the initiation of...