... of Business, Accounting Area, Ann Arbor, MI, USA. Editor’s note: Accepted by Florin P. Vasvari, under the Senior Editorship of Kathryn Kadous. 2025 12 07 2023 13 02 2025 03 03 2025 investor relations firm disclosure private debt markets cost of debt syndication process...

...John M. Bizjak; Swaminathan L. Kalpathy; Vassil T. Mihov ABSTRACT We find that firms that grant performance-contingent (p-c) equity awards with accounting-based vesting conditions to their CEOs have lower cost of debt and less restrictive loan terms. The benefits of p-c accounting-based awards...

... to using an instrumental variables approach. We further find that guideline adoption has a negative effect on bond yield spreads and that after the adoption, firms' risk-taking incentives are lower. These results suggest that guideline adoption benefits debtholders by lowering agency costs of debt. However...

... syndicated loan spreads for a subsample of loans issued by large bank syndicates, which are more likely to rely on publicly reported segment information. JEL Classifications: G31; G32; M10; O16. corporate diversification segment disclosure cost of debt co-insurance We have benefited from...

... be influenced by uninformative content. I use a unique dataset from a peer-to-peer lending website, Prosper.com , to demonstrate an economically large effect of voluntary, unverifiable disclosures in reducing the cost of debt. My results show an additional unverifiable disclosure is associated with a 1.27...

...Dan Dhaliwal; Chris Hogan; Robert Trezevant; Michael Wilkins ABSTRACT We test the relationship between the change in a firm's cost of debt and the disclosure of a material weakness in an initial Section 404 report. We find that, on average, a firm's credit spread on its publicly traded debt...