Lin, Chen; Officer, Micah S.; Wang, Rui; Zou, Hong - In: Journal of Financial Economics 110 (2013) 1, pp. 37-60
We analyze the effect of directors' and officers' liability insurance (D&O insurance) on the spreads charged on bank loans. We find that higher levels of D&O insurance coverage are associated with higher loan spreads and that this relation depends on loan characteristics in economically sensible...
