Article : texte imprimé

Do cultural differences between contracting parties matter? : Evidence from syndicated bank loans

Mariassunta Giannetti, Auteur ; Yishay Yafeh, Auteur |

Dans Management science (Vol. 58 N° 2, Février 2012)

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

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