LO, ALVIS K. - In: Journal of Accounting Research 52 (2014) 2, pp. 541-581
type="main" <title type="main">ABSTRACT</title> <p>I examine whether declines in banks’ financial health affect their borrowers’ disclosures. Prior studies indicate that, in relationship lending, banks and borrowers rely on private communication, rather than public disclosures, to resolve information asymmetries. When...</p>