creditors without changing the value of assets on firms' balance sheets. Using a country-wide panel of all incorporated firms … towards banks contracts the amount and maturity of corporate debt and leads firms to slow investment and forego growth …. Altering their allocation of assets, firms reduce particularly those assets with a low collateralizable value for banks and …

Sweden in 2004 that reduced collateral values, and (ii) a dataset that covers all incorporated firms in Sweden over the … firms to contract investment, employment, and assets. The legal reform may distort investment and asset allocation decisions …, as firms that reduce their holdings of assets with low collaterizable value and firms that hold more liquid assets …

bank monitoring and scrutiny. The Social and Governance components, in particular, matter. Furthermore, firms suffering …Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG …) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ESG risk affects its …

bank monitoring and scrutiny. The Social and Governance components, in particular, matter. Furthermore, firms suffering …Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG …) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ESG risk affects its …

, resulting in lower asset-, investment- and sales growth for firms obtaining a larger share of their bank credit from the treated …