메뉴 건너뛰기




Volumn 46, Issue 2, 2008, Pages 247-287

The debt-contracting value of accounting information and loan syndicate structure

Author keywords

[No Author keywords available]

Indexed keywords


EID: 40749162781     PISSN: 00218456     EISSN: 1475679X     Source Type: Journal    
DOI: 10.1111/j.1475-679X.2008.00273.x     Document Type: Article
Times cited : (253)

References (52)
  • 1
    • 84963057501 scopus 로고
    • An Incomplete Contracts Approach to Financial Contracting
    • and
    • Aghion, P., and P. Bolton An Incomplete Contracts Approach to Financial Contracting Review of Economic Studies 59 (1992 473 94.
    • (1992) Review of Economic Studies , vol.59 , pp. 473-94
    • Aghion, P.1    Bolton, P.2
  • 2
    • 0036808449 scopus 로고    scopus 로고
    • The Role of Accounting Conservatism in Mitigating Bondholder-Shareholder Conflict over Dividend Policy and in Reducing Debt Cost
    • and
    • Ahmed, A. B. Billings R. Morton and M. Harris The Role of Accounting Conservatism in Mitigating Bondholder-Shareholder Conflict Over Dividend Policy and in Reducing Debt Cost The Accounting Review 77 (2002 867 90.
    • (2002) The Accounting Review , vol.77 , pp. 867-90
    • Ahmed, A.1    Billings, B.2    Morton, R.3    Harris, M.4
  • 3
    • 34547969769 scopus 로고    scopus 로고
    • Modelling Credit Risk for SMEs: Evidence from the U.S. Market
    • and
    • Altman, E., and G. Sabato Modelling Credit Risk for SMEs: Evidence from the U.S. Market Abacus 43 (2007 332 57.
    • (2007) Abacus , vol.43 , pp. 332-57
    • Altman, E.1    Sabato, G.2
  • 7
    • 44449105109 scopus 로고    scopus 로고
    • Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism
    • and. Forthcoming.
    • Ball, R. A. Robin and G. Sadka Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism Review of Accounting Studies (2008 Forthcoming.
    • (2008) Review of Accounting Studies
    • Ball, R.1    Robin, A.2    Sadka, G.3
  • 8
    • 13844254179 scopus 로고    scopus 로고
    • Earnings Quality in UK Private Firms: Comparative Loss Recognition Timeliness
    • and
    • Ball, R., and L. Shivakumar Earnings Quality in UK Private Firms: Comparative Loss Recognition Timeliness Journal of Accounting & Economics 39 (2005 83 128.
    • (2005) Journal of Accounting & Economics , vol.39 , pp. 83-128
    • Ball, R.1    Shivakumar, L.2
  • 9
    • 3342987931 scopus 로고    scopus 로고
    • Bank for International Settlements (BIS). Basel Committee on Banking Supervision, Third Consultative Paper. Basel, Switzerland: BIS, April 2003. Web site
    • Bank for International Settlements (BIS) The New Basel Capital Accord Basel Committee on Banking Supervision, Third Consultative Paper. Basel, Switzerland : BIS, April 2003. Web site, http://www.bis.org/bcbs/bcbsp3.htm, 2003.
    • (2003) The New Basel Capital Accord
  • 10
    • 0031498138 scopus 로고    scopus 로고
    • The Conservatism Principle and the Asymmetric Timeliness of Earnings
    • Basu, S. The Conservatism Principle and the Asymmetric Timeliness of Earnings Journal of Accounting & Economics 24 (1997 3 37.
    • (1997) Journal of Accounting & Economics , vol.24 , pp. 3-37
    • Basu, S.1
  • 13
    • 0348142492 scopus 로고    scopus 로고
    • The Legal and Institutional Preconditions for Strong Stock Markets
    • Black, B. The Legal and Institutional Preconditions for Strong Stock Markets UCLA Law Review 48 (2001 781 855.
    • (2001) UCLA Law Review , vol.48 , pp. 781-855
    • Black, B.1
  • 14
    • 0039012108 scopus 로고    scopus 로고
    • Can Relationship Banking Survive Competition
    • and
    • Boot, A., and A. Thakor Can Relationship Banking Survive Competition Journal of Finance 55 (2000 679 713.
    • (2000) Journal of Finance , vol.55 , pp. 679-713
    • Boot, A.1    Thakor, A.2
  • 15
    • 0742276632 scopus 로고    scopus 로고
    • Financial Accounting Information, Organizational Complexity and Corporate Governance Systems
    • and
    • Bushman, R. Q. Chen E. Engel and A. Smith Financial Accounting Information, Organizational Complexity and Corporate Governance Systems Journal of Accounting & Economics 37 (2004 167 201.
    • (2004) Journal of Accounting & Economics , vol.37 , pp. 167-201
    • Bushman, R.1    Chen, Q.2    Engel, E.3    Smith, A.4
  • 16
    • 0000108966 scopus 로고    scopus 로고
    • Financial Accounting Information and Corporate Governance
    • and
    • Bushman, R., and A. Smith Financial Accounting Information and Corporate Governance Journal of Accounting & Economics 32 (2001 237 333.
    • (2001) Journal of Accounting & Economics , vol.32 , pp. 237-333
    • Bushman, R.1    Smith, A.2
  • 18
    • 47749120440 scopus 로고
    • Financial Intermediation and Delegated Monitoring
    • Diamond, D. W. Financial Intermediation and Delegated Monitoring Review of Economic Studies 51 (1984 393 414.
    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.W.1
  • 19
    • 84935413182 scopus 로고
    • Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt
    • Diamond, D. W. Monitoring and Reputation: The Choice Between Bank Loans and Directly Placed Debt Journal of Political Economy 99 (1991 689 721.
    • (1991) Journal of Political Economy , vol.99 , pp. 689-721
    • Diamond, D.W.1
  • 20
    • 0036026432 scopus 로고    scopus 로고
    • Large-Sample Evidence on the Debt Covenant Hypothesis
    • and
    • Dichev, I., and D. Skinner Large-Sample Evidence on the Debt Covenant Hypothesis Journal of Accounting Research 40 (2002 1091 123.
    • (2002) Journal of Accounting Research , vol.40 , pp. 1091-123
    • Dichev, I.1    Skinner, D.2
  • 22
    • 40749123840 scopus 로고    scopus 로고
    • Loan-Only Credit Default Swaps: The March to Liquidity
    • Duncan, A. Loan-Only Credit Default Swaps: The March to Liquidity Commercial Lending Review, September (2006 19 22.
    • (2006) Commercial Lending Review , pp. 19-22
    • Duncan, A.1
  • 24
    • 40749142212 scopus 로고    scopus 로고
    • The Agency Structure of Loan Syndicates
    • and
    • Francois, P., and F. Missonier-Piera The Agency Structure of Loan Syndicates Financial Review 42 (2007 227 45.
    • (2007) Financial Review , vol.42 , pp. 227-45
    • Francois, P.1    Missonier-Piera, F.2
  • 25
    • 0000868739 scopus 로고    scopus 로고
    • The Changing Time-Series Properties of Earnings, Cash Flows and Accruals: Has Financial Reporting Become More Conservative
    • and
    • Givoly, D., and C. Hayn The Changing Time-Series Properties of Earnings, Cash Flows and Accruals: Has Financial Reporting Become More Conservative Journal of Accounting and Economics, 29 (2000 287 320.
    • (2000) Journal of Accounting and Economics , vol.29 , pp. 287-320
    • Givoly, D.1    Hayn, C.2
  • 26
    • 0000269861 scopus 로고
    • Banks and Loan Sales: Marketing Nonmarketable Assets
    • and
    • Gorton, G., and G. Pennacchi Banks and Loan Sales: Marketing Nonmarketable Assets Journal of Monetary Economics 35 (1995 389 411.
    • (1995) Journal of Monetary Economics , vol.35 , pp. 389-411
    • Gorton, G.1    Pennacchi, G.2
  • 27
    • 33746876380 scopus 로고    scopus 로고
    • Discussion of an Economic Framework for Conservative Accounting by Bushman and Piotroski (2006)
    • and
    • Guay, W., and R. Verrecchia Discussion of an Economic Framework for Conservative Accounting by Bushman and Piotroski (2006) Journal of Accounting & Economics 42 (2007 149 65.
    • (2007) Journal of Accounting & Economics , vol.42 , pp. 149-65
    • Guay, W.1    Verrecchia, R.2
  • 30
    • 0031413974 scopus 로고    scopus 로고
    • Financial Intermediation, Loanable Funds, and the Real Sector
    • and
    • Holmström, B., and J. Tirole Financial Intermediation, Loanable Funds, and the Real Sector The Quarterly Journal of Economics 112 (1997 663 91.
    • (1997) The Quarterly Journal of Economics , vol.112 , pp. 663-91
    • Holmström, B.1    Tirole, J.2
  • 32
    • 44649197264 scopus 로고
    • Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure
    • and
    • Jensen, M., and W. Meckling Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure Journal of Financial Economics 3 (1976 305 60.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-60
    • Jensen, M.1    Meckling, W.2
  • 34
    • 6344278611 scopus 로고    scopus 로고
    • Monitoring, Financial Distress, and the Structure of Commercial Lending Syndicates
    • and
    • Lee, S., and D. Mullineaux Monitoring, Financial Distress, and the Structure of Commercial Lending Syndicates Financial Management 33 (2004 107 30.
    • (2004) Financial Management , vol.33 , pp. 107-30
    • Lee, S.1    Mullineaux, D.2
  • 35
    • 0002604722 scopus 로고
    • Accounting Information in Private Markets: Evidence from Private Lending Agreements
    • Leftwich, R. Accounting Information in Private Markets: Evidence From Private Lending Agreements Accounting Review 58 (1983 23 42.
    • (1983) Accounting Review , vol.58 , pp. 23-42
    • Leftwich, R.1
  • 36
    • 0000140435 scopus 로고
    • Informational Asymmetries, Financial Structure, and Financial Intermediation
    • and
    • Leland, H., and D. Pyle Informational Asymmetries, Financial Structure, and Financial Intermediation Journal of Finance 32 (1977 371 87.
    • (1977) Journal of Finance , vol.32 , pp. 371-87
    • Leland, H.1    Pyle, D.2
  • 37
    • 40749129788 scopus 로고    scopus 로고
    • Moody's Investor Services. Moody's Investor Services Report, Rating Methodology, August 2006. New York: Moody's Investor Services
    • Moody's Investor Services Global Medical Products and Device Industry Moody's Investor Services Report, Rating Methodology, August 2006. New York : Moody's Investor Services, 2006.
    • (2006) Global Medical Products and Device Industry
  • 40
    • 0039739780 scopus 로고    scopus 로고
    • A Theory of the Syndicate: Form Follows Function
    • and
    • Pichler, P., and W. Wilhelm A Theory of the Syndicate: Form Follows Function Journal of Finance 56 (2001 2237 64.
    • (2001) Journal of Finance , vol.56 , pp. 2237-64
    • Pichler, P.1    Wilhelm, W.2
  • 43
    • 49249143360 scopus 로고
    • On Financial Contracting: An Analysis of Bond Covenants
    • and
    • Smith, C., and J. Warner On Financial Contracting: An Analysis of Bond Covenants Journal of Financial Economics 7 (1979 117 61.
    • (1979) Journal of Financial Economics , vol.7 , pp. 117-61
    • Smith, C.1    Warner, J.2
  • 44
    • 85050713567 scopus 로고
    • A New Asymmetric Measure of Association for Ordinal Variables
    • Somers, R. A New Asymmetric Measure of Association for Ordinal Variables American Sociological Review 27 (1962 799 811.
    • (1962) American Sociological Review , vol.27 , pp. 799-811
    • Somers, R.1
  • 45
    • 33947301769 scopus 로고    scopus 로고
    • Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans
    • Sufi, A. Information Asymmetry and Financing Arrangements: Evidence From Syndicated Loans Journal of Finance 62 (2007 629 68.
    • (2007) Journal of Finance , vol.62 , pp. 629-68
    • Sufi, A.1
  • 47
    • 0742311560 scopus 로고    scopus 로고
    • Conservatism in Accounting, Part I: Explanations and Implications
    • Watts, R. Conservatism in Accounting, Part I: Explanations and Implications Accounting Horizons 17 (2003a 207 21.
    • (2003) Accounting Horizons , vol.17 , pp. 207-21
    • Watts, R.1
  • 48
    • 77249151423 scopus 로고    scopus 로고
    • Conservatism in Accounting, Part II: Evidence and Research Opportunities
    • Watts, R. Conservatism in Accounting, Part II: Evidence and Research Opportunities Accounting Horizons 17 (2003b 287 301.
    • (2003) Accounting Horizons , vol.17 , pp. 287-301
    • Watts, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.