Contracts

Working Paper

Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans

We investigate whether cultural differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. We find that more culturally distant lead banks offer borrowers smaller loans...Read more

Mariassunta Giannetti
Yishay Yafeh
01 September 2008

News

Optimal Short-Termism

Corporate short-termism has often been criticized because it could harm long-term performance. That is, managers arguably take actions that

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Dirk Hackbarth
Alejandro Rivera
Tak-Yuen Wong
12 February 2018

Pages