I investigate whether and how syndicate size influences the type of covenants used in debt contracts. Prior theory and evidence suggest that renegotiation considerations from coordination difficulties in large syndicates and intertemporal transfers due to relationship lending in small syndicates...

I examine whether lender incentives are related to the redaction or non-disclosure of potentially material information from credit agreements of public firms. Using a novel dataset, I find evidence that when lenders invest more in screening and monitoring the borrower or when lenders earn...