What is it about?
The paper analyses the influence of large controlling shareholders on the terms of bank loans for a sample of 984 loans to 261 non-financial Spanish public and private firms over the period 2001-2017.
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Why is it important?
First, we investigate the influence of the presence and identity of large controlling shareholders on the terms of bank loans. Second, we analyse the influence of the presence of large controlling shareholders on the terms of bank loans differentiating between public and private firms. Finally, our paper also considers the role played by significant shareholders other than large controlling shareholders.
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This page is a summary of: Large shareholders and agency costs of debt. Evidence from Spain, Revista de Contabilidad, January 2024, Servicio de Publicaciones de la Universidad de Murcia,
DOI: 10.6018/rcsar.480191.
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