Lender Trust and Bank Loan Contracts

The authors are grateful to Gustavo Manso (the editor), an anonymous associate editor, and two anonymous referees for many helpful comments and suggestions. The authors thank Ben Sila for the many helpful conversations and Tobias Berg, Cláudia Custódio, David Dixon, Tarik Driouchi, Paul Guest, Felix Irresberger, Dirk Jenter, Jonathan Karpoff, Kevin Keasey, Kai Li, Ivan Lim, Gerald Lobo, Bill Megginson, Nikos Paltalidis, Dennis Philip, Raghu Rau, Abhishek Srivastav, Rebecca Strätling, Francesco Vallascas, Patrick Verwijmeren, Dmitri Vinogradov, and Nick Wilson as well as seminar participants at Durham University; King’s College London; Roma Tre University; Queen’s University Belfast; and the Universities of Glasgow, Leeds, and Nottingham for helpful comments. The usual disclaimer applies.