... with lenders that have previously worked with an alliance counterparty possessing debt contracting-relevant information about the soft nature of alliance value and the partners’ commitment to alliances. Data Availability: Data are available from the public sources cited in the text. JEL Classifications...

...John B. Donovan; Andrew S. McMartin; Matthew A. Phillips ABSTRACT We study whether recognition versus disclosure affects debt contracting using SFAS 158 as a setting. Upon recognition of previously disclosed pension liabilities, we find that debt contracts of firms that have high pension...

.... Barth. 1 7 2019 1 7 2021 2022 financial statement complexity bank lending debt contracting We thank Mary E. Barth (senior editor), Daniel J. Taylor (editor), and two anonymous referees, Khrystyna Bochkay, Sam Bonsall, Zahn Bozanic, Roman Chychyla, John Donovan, Rong...

...Masako N. Darrough; Mingcherng Deng ABSTRACT We analyze the role of accounting information in debt contracting when the lender has private information that can assist in the borrower's investment decision. The lender might have acquired private information during the due diligence process or via...

...' creditworthiness; this potentially reduces supply-chain lenders' reliance on accounting conservatism in debt contracting. Consistently, we find that suppliers borrowing from supply-chain lenders provide less conservative financial statements than suppliers borrowing from non-supply-chain lenders at loan...

... findings should inform academics and regulators considering the role of regulation in the credit rating industry, as well as market participants deciding how much to rely on corporate ratings in debt contracting and pricing. Federal lawmakers and regulators continue to dissect what went wrong...

..., and Michael Roberts and Amir Sufi for making the covenant violation data publicly available. Editor's note: Accepted by Leslie D. Hodder. April 2012 April 2014 2014 affiliated banker on board conservative accounting debt contracting lender...