Chen, Yunsen; Zhu, Song; Wang, Yutao - In: China journal of accounting research : CJAR 4 (2011) 3, pp. 155-165
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...
