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institutions (MDBs), aimed at preventing fraud, corruption, and other abuses in projects undertaken by those institutions …
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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 … indirectly destabilizes the “performance-bank loan” relationship. Our results suggest that corporate fraud negatively affects a …
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