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The effects of reporting standards and information sharing on loan contracting: cross-country evidence
(Cogent Economics & Finance, 2020)
Institutional factors that enhance the quality of financial reporting and sharing of credit information can alleviate informational gaps between contracting parties and improve loan contract terms. Using cross-country data ...
Insolvency regimes and firms' default risk under economic uncertainty and shocks
(Economic Modelling, 2020-06-18)
One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances credit discipline among firms. Using a large cross-country firm-level dataset, we empirically test ...