Using a sample of non-U.S. firms from 22 countries during 2003–2007, we examine the effect of firm-level governance on various features of loan contracting in the international loan market. We find that banks charge lower loan rates, offer larger and longer-maturity loans, and impose fewer...

Using the most recent machine learning-based image-processing techniques, we investigate whether banks factor borrowing firm's chief executive officer (CEO) facial trustworthiness into bank loan contracting. We find that banks tend to grant more favorable loan terms to firms with...