Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/115241
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | School of Accounting and Finance | - |
| dc.creator | Saffar, W | - |
| dc.creator | Wang, Y | - |
| dc.creator | Wei, KCJ | - |
| dc.date.accessioned | 2025-09-17T03:46:32Z | - |
| dc.date.available | 2025-09-17T03:46:32Z | - |
| dc.identifier.issn | 0823-9150 | - |
| dc.identifier.uri | http://hdl.handle.net/10397/115241 | - |
| dc.language.iso | en | en_US |
| dc.publisher | Canadian Academic Accounting Association | en_US |
| dc.subject | Bank loan cost | en_US |
| dc.subject | Default risk | en_US |
| dc.subject | Firm-level political risk | en_US |
| dc.subject | Loan covenants | en_US |
| dc.subject | Operational uncertainty | en_US |
| dc.title | Firm-level political risk and bank loan contracting | en_US |
| dc.type | Journal/Magazine Article | en_US |
| dc.identifier.spage | 1577 | - |
| dc.identifier.epage | 1607 | - |
| dc.identifier.volume | 41 | - |
| dc.identifier.issue | 3 | - |
| dc.identifier.doi | 10.1111/1911-3846.12951 | - |
| dcterms.abstract | We investigate the impact of firm-level political risk on loan contracting. We find that firm-level political risk is positively associated with bank loan cost and that this effect is stronger for firms experiencing increased operational uncertainty and higher default risks. Firm-level political risk also leads to more unfavorable non-pricing loan terms. To alleviate endogeneity concerns, we use an instrumental variable approach and placebo tests. We further find that political connections and relationship-based borrowing can attenuate the adverse effect of firm-level political risk on loan contracting. | - |
| dcterms.accessRights | embargoed access | en_US |
| dcterms.bibliographicCitation | Contemporary accounting research, Fall 2024, 41, no. 3, p. 1577-1607 | - |
| dcterms.isPartOf | Contemporary accounting research | - |
| dcterms.issued | 2024 | - |
| dc.identifier.scopus | 2-s2.0-85194841758 | - |
| dc.identifier.eissn | 1911-3846 | - |
| dc.description.validate | 202509 bcch | - |
| dc.identifier.FolderNumber | a4024 | en_US |
| dc.identifier.SubFormID | 51954 | en_US |
| dc.description.fundingSource | RGC | en_US |
| dc.description.pubStatus | Published | en_US |
| dc.date.embargo | 2025-12-31 | en_US |
| dc.description.oaCategory | Green (AAM) | en_US |
| Appears in Collections: | Journal/Magazine Article | |
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