Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as … both the firm’s credit risk and information risk increase after punishment. By focusing on Chinese firms’ borrowing … behavior after events of corporate fraud, we find that firms’ bank loans after punishment are not only significantly lower, but …

financial institutions and support credit availability have invited heated debate. This paper comprehensively reviews empirical … assessments of the benefits of those programs-such as their effectiveness in reducing bank failures or supporting new lending … of such support on lending by U.S. banks. The results, using an instrumental variable approach, suggest that bank loans …