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Keywords: credit default swaps (CDS)
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Journal Articles
AUDITING: A Journal of Practice & Theory (2018) 37 (3): 117–144.
Published: 01 August 2018
...Lijing Du; Adi Masli; Felix Meschke SUMMARY Previous studies document that lenders lack incentives to monitor borrowing firms or to make concessions during bankruptcy if these lenders insure against corporate default with credit default swaps (CDS). This article investigates whether external...