Aintablian, Sebouh; Mcgraw, Patricia A.; Roberts, Gordon S. - In: Journal of Business Finance & Accounting 34 (2007-01) 1-2, pp. 389-401
Loan announcement effects for 152 Canadian companies are examined to investigate the efficiency of monitoring by banks facing lender environmental liability. Market reaction to the announcement of bank debt to 'environmental' firms is more positive and significant than for 'non-environmental'...