Chen, Yunsen; Zhu, Song; Wang, Yutao - In: China journal of accounting research : CJAR 4 (2011) 3, pp. 155-165
Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as … behavior after events of corporate fraud, we find that firms’ bank loans after punishment are not only significantly lower, but … than before, but also higher than those for their non-fraudulent counterparts. In addition, we find that corporate fraud …