We examine the effects of corporate board characteristics on the use of performance pricing in debt contracts. Performance pricing is a recent innovation that plays a role in addressing some debt contracting problems by linking the ex-ante pricing of debt with ex-post firm performance. Results...

Prior research in accounting and finance mainly focused on the impact of board structure on financial reporting quality and findings have been mixed and ambiguous. We examine the impact of board processes on financial reporting quality. From a theoretical stance, we argue that application of...

Motivated by a paucity of research into the impact of corporate governance from a debtholder perspective, we examine the impact of corporate governance on loan monitoring decisions. The active and close involvement of a major UK bank facilitated the development of extremely realistic...