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I look at the relationship between corporate loan terms and connections of board members to bankers through employment on other boards, a connection less likely to be affected by confounding factors. Specifically, I examine whether loan terms such as pricing and maturity as well as other loan...
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unequal allocation of directors' monitoring effort. We find that bank loans of firms with a greater proportion of independent …Masulis and Mobbs (2014, 2015) find that independent directors with multiple directorships allocate their monitoring … effort unequally based on a directorship's relative prestige. We investigate whether bank loan contract terms reflect such …
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