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Bank monitoring and environmental risk

Show simple item record Aintablian S. Mcgraw P.A. Roberts G.S.
dc.contributor.editor 2007 2017-09-07T07:51:37Z 2017-09-07T07:51:37Z 2007
dc.identifier 10.1111/j.1468-5957.2006.00644.x
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 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.source Scopus
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:
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.faculty Suliman S. Olayan School of Business
dc.contributor.authorInitials Aintablian, S
dc.contributor.authorInitials McGraw, PA
dc.contributor.authorInitials Roberts, GS
dc.contributor.authorReprintAddress Roberts, GS (reprint author), York Univ, Schulich Sch Business, N York, ON M3J 1P3, Canada.
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; *UNEP, 1992, STAT BANKS ENV SUST
dc.description.citedCount 13
dc.description.citedTotWOSCount 9
dc.description.citedWOSCount 9
dc.format.extentCount 13
dc.identifier.scopusID 33847400586
dc.publisher.address 9600 GARSINGTON RD, OXFORD OX4 2DQ, OXON, ENGLAND
dc.relation.ispartOfISOAbbr J. Bus. Finan. Account.
dc.relation.ispartOfIssue 41641
dc.relation.ispartofPubTitle Journal of Business Finance and Accounting
dc.relation.ispartofPubTitleAbbr J. Bus. Financ. Account.
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.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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