Major government customers and loan contract terms

• Main Authors: COHEN, Daniel A., LI, Bin, LI, Ningzhong, LOU, Yun
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2022
• 主題: Government Customers; Loan Contract Terms; corporate customers; Accounting; Corporate Finance; Government Contracts
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1891; https://ink.library.smu.edu.sg/context/soa_research/article/2918/viewcontent/Major_government_customers_and_loan_contract_terms_sv.pdf

We examine the relation between the presence of U.S. government as a major customer and a supplier firm’s loan contract terms, using major corporate customers as a benchmark. We find that firms with major government customers are associated with fewer covenants and a lower likelihood of having perfo...