Institutional differences between countries result in additional information risks between borrowers and lenders in cross-border private loans. This study examines the effect of these information risks on the structure of optimal debt contracts in international (cross-border) vs. domestic...

Institutional differences between countries result in additional information risks between borrowers and lenders in cross-border private loans. This study examines the effect of these information risks on the structure of optimal debt contracts in international (cross-border) versus domestic...