This paper examines the effects of strategic alliances on non-financial firms' bank loan financing. We construct several measures to capture firms' alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in the...

This study examines how earnings predictability affects bank loan contracting. Using a sample of 8,626 bank loan contracts, we find that firms with more predictable earnings have more favorable loan terms, such as lower interest rates, longer maturities, and fewer covenants and collateral...

This study investigates whether CEO perquisite of borrowing firms plays any significant role, both in terms of price and non-price settings, in financial contracts and reveals that lending banks demand significantly higher return (spread), more collateral, and stricter covenants from firms with...

This study examines whether the flow volatility experienced by institutional investors affects firms' financing costs. Using Greenwood and Thesmar's (2011) stock price fragility, a proxy for firm exposure to its institutional investors' flow volatility, we find that firms with high stock price...