Internal control weakness and bank loan contracting: Evidence from SOX section 404 disclosures

Internal control weakness and bank loan contracting: Evidence from SOX section 404 disclosures

Using a sample of borrowing firms that disclosed internal control weaknesses (ICW) under Section 404 of the Sarbanes-Oxley Act, this study compares various features of loan contracts between firms with ICW and those without ICW. Our results show the following. First, the loan spread is higher for IC...

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Bibliographic Details
Main Authors: KIM, Jeong-Bon, SONG, Byron Y., ZHANG, Liandong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Internal control weakness
Loan contracting
Loan ownership structure
Sarbanes-Oxley Act (SOX)
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1701
https://ink.library.smu.edu.sg/context/soa_research/article/2728/viewcontent/InternalControlWeakness_2010_pp.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1701
https://ink.library.smu.edu.sg/context/soa_research/article/2728/viewcontent/InternalControlWeakness_2010_pp.pdf

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