This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

We review recent evidence and future directions for empirical research on financial
contracting in the context of corporate finance. Specifically, we survey evidence pertaining to …

This article investigates the relationship between corporate social responsibility and
earnings management. Using panel data methodology for a sample of Spanish non …

We identify a specific channel (debt covenants) and the corresponding mechanism (transfer
of control rights) through which financing frictions impact corporate investment. Using a …

We provide evidence that creditors play an active role in the governance of corporations well
outside of payment default states. By examining the Securities and Exchange Commission's …

We use Dealscan, a database of private corporate lending agreements, to provide large–
sample tests of the debt covenant hypothesis. Dealscan offers several advantages over the …

This paper analyzes the ways in which financially distressed firms try to avoid bankruptcy
through public and private debt restructurings, asset sales, mergers, and capital expenditure …

Historically, bubbles are followed by crashes, which in turn are followed by punitive
legislation. The 1999–2003 era is fully consistent with this pattern….(Coffee, 2003a, p. 46) …

This paper examines the ex post and ex ante benefits of accounting conservatism to lenders
and borrowers in the debt contracting process. I expect conservatism to benefit lenders ex …

I empirically examine the factors that determine whether firms use bank lines of credit or
cash in corporate liquidity management. I find that bank lines of credit, also known as …