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dc.contributor.authorChen, Jeff Zeyunzh_CN
dc.contributor.authorLobo, Gerald J.zh_CN
dc.contributor.authorWang, Yanyanzh_CN
dc.contributor.authorYu, Lishengzh_CN
dc.contributor.author王艳艳zh_CN
dc.contributor.author于李胜zh_CN
dc.date.accessioned2015-07-22T03:02:52Z
dc.date.available2015-07-22T03:02:52Z
dc.date.issued2013-DECzh_CN
dc.identifier.citationJOURNAL OF BANKING & FINANCE, 2013,37(12):4989-5006zh_CN
dc.identifier.otherWOS:000327683200023zh_CN
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/87509
dc.description.abstractWe examine the relation between the use of collateral and financial reporting conservatism for a sample of Chinese firms. In the absence of flexibility in risk pricing through interest rates and strong contract enforcement in China, we find that lenders reduce collateral requirements from more conservative borrowers and that this negative relation is significantly moderated by borrowers' poor credit quality and low asset tangibility. Our finding that conservatism can result in a tangible benefit in the form of lower collateral requirements indicates that lenders value financial reporting conservatism. However, the benefit from financial reporting conservatism is muted as lenders become more concerned about borrowers' default risk or ability to pledge tangible assets as collateral against loans. (C) 2013 Elsevier B.V. All rights reserved.zh_CN
dc.language.isoen_USzh_CN
dc.publisherELSEVIER SCIENCE BVzh_CN
dc.source.urihttp://dx.doi.org/10.1016/j.jbankfin.2013.09.003zh_CN
dc.subjectSTATE-OWNED ENTERPRISESzh_CN
dc.subjectCAPITAL STRUCTUREzh_CN
dc.subjectCREDIT MARKETSzh_CN
dc.subjectACCOUNTING CONSERVATISMzh_CN
dc.subjectASYMMETRIC INFORMATIONzh_CN
dc.subjectLOSS RECOGNITIONzh_CN
dc.subjectBANK LOANSzh_CN
dc.subjectCONTRACTSzh_CN
dc.subjectEQUILIBRIUMzh_CN
dc.subjectDEBTzh_CN
dc.titleLoan collateral and financial reporting conservatism: Chinese evidencezh_CN
dc.typeArticlezh_CN


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