Two Essays on Debt Market, Corporate Bankruptcy, and the Financial Reporting of Borrowers
Essay1: Spillover Effects of Bankruptcy on Voluntary Disclosure This study examines the spillover effects of bankruptcy on the voluntary disclosure of firms that share common lenders with bankrupt firms. I argue that after firms in a bank's loan portfolio file for bankruptcy, the monitoring ability of the bank will be perceived to be lower, leading other investors to rely less on bank monitoring and demand more public information disclosure from the non-bankrupt borrowers of the bank (the...[Show more]
|Collections||Open Access Theses|
|Thesis revised June06.pdf||Thesis Material||997.62 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.