Waisman, Maya - In: Journal of Banking & Finance 37 (2013) 12, pp. 4721-4737
product market competition has a disciplinary effect that can lower a firm’s cost of bank loans. After taking into account the … on the cost of bank loans is mitigated for larger firms, firms followed by analysts, firms with existing credit ratings …The extant literature documents a positive relationship between a firm’s takeover vulnerability and its agency cost of …