Bank monitoring and environmental risk

Aintablian S.; Mcgraw P.A.; Roberts G.S.

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dc.contributor.author	Aintablian S.
dc.contributor.author	Mcgraw P.A.
dc.contributor.author	Roberts G.S.
dc.contributor.editor
dc.date	2007
dc.date.accessioned	2017-09-07T07:51:37Z
dc.date.available	2017-09-07T07:51:37Z
dc.date.issued	2007
dc.identifier	10.1111/j.1468-5957.2006.00644.x
dc.identifier.isbn
dc.identifier.issn
dc.identifier.uri	http://hdl.handle.net/10938/12257
dc.description.abstract	Loan announcement effects for 152 Canadian companies are examined to investigate the efficiency of monitoring by banks facing lender environmental liability. Market reaction to the announcement of bank debt to 'environmental' firms is more positive and significant than for 'non-environmental' firms and, for firms in industries with a higher likelihood of experiencing spill events, is more positive and significant, reinforcing earlier results that establish a relationship between specific loan-borrower characteristics and announcement period excess returns and providing further evidence on the 'uniqueness' of bank loans by demonstrating the superior ability of banks to monitor corporate borrowers exposed to environmental liability. © 2007 The Authors Journal compilation © 2007 Blackwell Publishing Ltd.
dc.format.extent
dc.format.extent	Pages: (389-401)
dc.language	English
dc.publisher	OXFORD
dc.relation.ispartof	Publication Name: Journal of Business Finance and Accounting; Publication Year: 2007; Volume: 34; no. 41641; Pages: (389-401);
dc.relation.ispartofseries
dc.relation.uri
dc.source	Scopus
dc.subject.other
dc.title	Bank monitoring and environmental risk
dc.type	Article
dc.contributor.affiliation	Aintablian, S., Institute of Money and Banking, American University of Beirut, Lebanon
dc.contributor.affiliation	Mcgraw, P.A., Faculty of Management, Ryerson University, Toronto, Ont., Canada
dc.contributor.affiliation	Roberts, G.S., Schulich School of Business, York University Toronto, Toronto, Ont., Canada
dc.contributor.authorAddress	Roberts, G.S.; Schulich School of Business, York University Toronto, Toronto, Ont., Canada; email: groberts@schulich.yorku.ca
dc.contributor.authorCorporate	University: American University of Beirut; Faculty: Suliman S. Olayan School of Business; Department: School of Business;
dc.contributor.authorDepartment	School of Business
dc.contributor.authorDivision
dc.contributor.authorEmail	groberts@schulich.yorku.ca
dc.contributor.faculty	Suliman S. Olayan School of Business
dc.contributor.authorInitials	Aintablian, S
dc.contributor.authorInitials	McGraw, PA
dc.contributor.authorInitials	Roberts, GS
dc.contributor.authorOrcidID
dc.contributor.authorReprintAddress	Roberts, GS (reprint author), York Univ, Schulich Sch Business, N York, ON M3J 1P3, Canada.
dc.contributor.authorResearcherID
dc.contributor.authorUniversity	American University of Beirut
dc.description.cited	Aintablian S, 2000, J BANK FINANC, V24, P381, DOI 10.1016-S0378-4266(99)00063-1; Berthelot S, 2003, J ACCOUNTING LIT, V22, P1; BEST R, 1993, J FINANC, V48, P1507, DOI 10.2307-2329049; BILLETT MT, 1995, J FINANC, V50, P699, DOI 10.2307-2329425; BLACCONIERE WG, 1994, J ACCOUNT ECON, V18, P357, DOI 10.1016-0165-4101(94)90026-4; Blacconieres WG, 1997, J ACCOUNTING AUDITIN, V12, P149; BOSCH JC, 1998, MANAGERIAL DECISION, V19, P167, DOI 10.1002-(SICI)1099-1468(199805)19:3167::AID-MDE8823.0.CO;2-7; Campbell K., 1998, J ACCOUNTING PUBLIC, V17, P331, DOI 10.1016-S0278-4254(98)10009-1; COLEMAN A, 2004, BANK MONITORING INFL; Cormier D., 1997, J ACCOUNTING PUBLIC, V16, P215, DOI 10.1016-S0278-4254(97)00002-1; Denis DJ, 2003, J FINANC ECON, V70, P3, DOI 10.1016-S0304-405X(03)00140-5; DIAMOND DW, 1984, REV ECON STUD, V51, P393, DOI 10.2307-2297430; DIAMOND DW, 1991, J POLIT ECON, V99, P689, DOI 10.1086-261775; FAMA EF, 1985, J MONETARY ECON, V15, P29, DOI 10.1016-0304-3932(85)90051-0; JAFFE JF, 1974, BELL J ECON, V5, P93, DOI 10.2307-3003094; JAMES C, 1987, J FINANC ECON, V19, P217, DOI 10.1016-0304-405X(87)90003-1; KONAR S, 1997, J ENVIRON ECON MANAG, V36, P243; LAPLANTE B, 1994, SOUTHERN ECON J, V60, P657, DOI 10.2307-1060574; LEE KW, 2004, BANKS MONITORING ABI; LUMMER SL, 1989, J FINANC ECON, V25, P99, DOI 10.1016-0304-405X(89)90098-6; MacKinlay AC, 1997, J ECON LIT, V35, P13; Mandelker Gershon, 1974, J FINANC ECON, V1, P303, DOI 10.1016-0304-405X(74)90012-9; McGraw PA, 2001, RES FINANCE, V18, P83; MUOGHALU MI, 1990, SOUTHERN ECON J, V57, P357, DOI 10.2307-1060617; SHANE PB, 1983, ACCOUNT REV, V58, P521; SLOVIN MB, 1992, J BANK FINANC, V16, P1057, DOI 10.1016-0378-4266(92)90059-9; Thompson P, 2004, BRIT ACCOUNTING REV, V36, P197, DOI 10.1016-j.bar.2003.11.005; *UNEP, 1992, STAT BANKS ENV SUST
dc.description.citedCount	13
dc.description.citedTotWOSCount	9
dc.description.citedWOSCount	9
dc.format.extentCount	13
dc.identifier.articleNo
dc.identifier.coden
dc.identifier.pubmedID
dc.identifier.scopusID	33847400586
dc.identifier.url
dc.publisher.address	9600 GARSINGTON RD, OXFORD OX4 2DQ, OXON, ENGLAND
dc.relation.ispartofConference
dc.relation.ispartofConferenceCode
dc.relation.ispartofConferenceDate
dc.relation.ispartofConferenceHosting
dc.relation.ispartofConferenceLoc
dc.relation.ispartofConferenceSponsor
dc.relation.ispartofConferenceTitle
dc.relation.ispartofFundingAgency
dc.relation.ispartOfISOAbbr	J. Bus. Finan. Account.
dc.relation.ispartOfIssue	41641
dc.relation.ispartOfPart
dc.relation.ispartofPubTitle	Journal of Business Finance and Accounting
dc.relation.ispartofPubTitleAbbr	J. Bus. Financ. Account.
dc.relation.ispartOfSpecialIssue
dc.relation.ispartOfSuppl
dc.relation.ispartOfVolume	34
dc.source.ID	WOS:000244614300017
dc.type.publication	Journal
dc.subject.otherAuthKeyword	Bank loans
dc.subject.otherAuthKeyword	Canada
dc.subject.otherAuthKeyword	Event study
dc.subject.otherAuthKeyword	Lender environmental liability
dc.subject.otherChemCAS
dc.subject.otherIndex
dc.subject.otherKeywordPlus	MARKET RESPONSE
dc.subject.otherKeywordPlus	INFORMATION-CONTENT
dc.subject.otherKeywordPlus	LOAN ANNOUNCEMENTS
dc.subject.otherKeywordPlus	FIRM
dc.subject.otherKeywordPlus	CHOICE
dc.subject.otherKeywordPlus	CANADA
dc.subject.otherKeywordPlus	DEBT
dc.subject.otherWOS	Business, Finance

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