The Personal Touch: Interpersonal Relationships in Business Lending
LI, Xinlei | KHAN, Urooj | WILLIAMS, Christopher | WITTENBERG-MOERMAN, Regina

When a business borrows money, its information asymmetry and the associated agency problems and its perceived ability to repay the debt are crucial considerations for lenders. However, these are not the only factors at play. HKUST ...

Loans and the Law
ZHANG, Jieying | HUNG, Mingyi | HONG, Hyun A.

Debt covenants are an important monitoring mechanism that govern cash-flow rights and control rights between borrowers and lenders. Although it is believed that enforcement and property rights are primary determinants of a firm&rs ...