Shareholder attention matters for a corporate. Yet little is known about how it affects corporate financing costs. This paper examines the effect of the distracted attention to a particular firm on a firm’s loan contract by adopting a distinct quasi-natural experiment that measures exogenous...

This study examines the effect of the use of Asset-backed Securitisation (ABS) on corporate risk-taking. After careful consideration of self-selection bias and endogeneity, we find that the use of ABS is positively associated with corporate risk-taking. More borrowing through ABS economically...