As opposed to the public debt market, the ultimate users of bank loan ratings, lenders, may prefer inflated ratings to …

resort to other means of monitoring to resolve agency issues of debt that involve less renegotiation cost, such as …

associated with debt. Accordingly, we examine the association between corporate governance and the restrictiveness of covenants … on a sample of newly syndicated loans in the U.S. private debt market. Cross-sectional results support the argument that …

shareholders’ perspective, there is little research on the impact from debt holders’ perspective. We find that compared with other … and opportunity of enjoying a quiet life. Furthermore, for loans issued by firms with CEO contractual protection, debt …, these results shed light on the impact of CEO contractual protection on debt contracting …