Does the relationship between a firm and its employee affect the contracts of its bank loans?
碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 103 === In this paper, I discuss whether the relationship between firms and employees will affect the company’s bank loan conditions and financing costs in syndicated loan. This study is intended to proxy labor relationship by two types of firm measures. First...
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| Format: | Others |
| Language: | zh-TW |
| Online Access: | http://ndltd.ncl.edu.tw/handle/35414951148087200665 |
| Summary: | 碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 103 === In this paper, I discuss whether the relationship between firms and employees will affect the company’s bank loan conditions and financing costs in syndicated loan. This study is intended to proxy labor relationship by two types of firm measures. First is the degree of unionization rate that the firms have. Second is whether the firms are included in the best company to work for in America. The good relationship between employee and the firm is value enhancing, and thus I find out that through the bank due diligence and monitoring the best companies can get the low spread or few covenants within a syndicated loan.
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