Showing 1 - 10 of 6,638
Persistent link: https://www.econbiz.de/10012544996
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/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
financial markets, particularly in shaping shareholders’ perception of ESG reputation. We formulate several policy implications …
Persistent link: https://www.econbiz.de/10014353015
This paper studies individual truth-telling behavior in the presence of multiple lying opportunities with heterogeneous stake sizes. The results show that individuals lie downwards (i.e. forgo money due to their lie) in low-stakes situations in order to signal honesty, and thereby mitigate the...
Persistent link: https://www.econbiz.de/10012111150
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
Persistent link: https://www.econbiz.de/10010503404