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Persistent link: https://www.econbiz.de/10012544996
This paper investigates how reputational risk arising from traditional and online media coverage of Corporate Social Irresponsibility (CSI) conducts affects the cost of borrowing. It reports that negative media attention has a significant and positive effect on bank loan costs. The result is...
Persistent link: https://www.econbiz.de/10013211843
This paper investigates how reputational risk arising from traditional and online media coverage of Corporate Social Irresponsibility (CSI) conducts affects the cost of borrowing. It reports that negative media attention has a significant and positive effect on bank loan costs. The result is...
Persistent link: https://www.econbiz.de/10013242489
Although risk culture is a key element in the risk management process, identifying the riskculture of a firm can be challenging due to the abstract concept of culture. We introduce textmining and unsupervised machine learning algorithms to define the risk culture for U.S. bankholding companies...
Persistent link: https://www.econbiz.de/10012848062
brand name adoption is associated with a lower cost of capital following the name change, suggesting that brand reputation …
Persistent link: https://www.econbiz.de/10010345497
Persistent link: https://www.econbiz.de/10012804527
Persistent link: https://www.econbiz.de/10011736120
We examine the relation between firm reputation and the cost of debt financing. We posit that corporate reputation … magazine's survey of company reputation while controlling for the impact of firm-level variables, we find an inverse relation … between a company's reputation and its bond (bank loan) credit spreads. We also find that firms with high reputation face less …
Persistent link: https://www.econbiz.de/10012905872
We examine shareholder litigation and the price and non-price terms of bank loan contracts. After the lawsuit filing, defendant firms pay higher loan spreads, up-front charges, experience more financial covenants, and are more likely to have a collateral requirement. These findings are...
Persistent link: https://www.econbiz.de/10013076634
We examine the relation between firm reputation and the cost of debt financing. We posit that corporate reputation … magazine's survey of company reputation, we find an inverse relation between a company's reputation and its bond credit spreads …. We also find that firms with high reputation face less stringent covenants. Further testing shows that bad reputation is …
Persistent link: https://www.econbiz.de/10012975361