The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

【作者(必填)】TOBIAS BERG,ANTHONY SAUNDERS,SASCHA STEFFEN

• Tobias Berg is at the University of Bonn, Anthony Saunders is at the Stern School of Business, New York University, and Sascha Steffen is at the University of Mannheim and Center for European Economic Research. We thank Viral Acharya, Tim Adam, Javed Ahmed, Bastian von Beschwitz, Lamont Black, Martin Brown, Michael Faulkender, Mark Flannery, Iftekhar Hasan, Elena Loutskina, Loretta Mester, Manju Puri, Michael Roberts, Tao Shen, conference participants at the 2013 SFS Cavalcade in Miami, the 2013 FIRS meetings in Dubrovnik, the 2013 Bank Structure Conference in Chicago, the WFA 2013 meetings in Lake Tahoe, the EFA 2013 meetings in Cambridge, the DGF 2013 meetings, the CAREFIN 2013 conference at Bocconi, the 2014 Corporate Finance Workshop at Tsinghua University, and seminar participants at Fordham University, the University of Bonn, and the University of St. Gallen for valuable comments and suggestions. In addition, we thank the Editor, Michael Roberts, and three anonymous referees for their comments and suggestions. Tobias Berg gratefully acknowledges financial support by a fellowship within the Postdoc Programme of the German Academic Exchange Service (DAAD) as well as from the Deutsche Forschungsgemeinschaft through SFB 649 “Economic Risk” and SFB-TR15 “Governance and the Efficiency of Economic Systems.” The authors have read the Journal of Finance disclosure policy and have no conflicts to disclose.
  
  

【文题(必填)】The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

【年份(必填)】2016

【全文链接或数据库名称(选填)】http://onlinelibrary.wiley.com/doi/10.1111/jofi.12281/full