Year
2009
Authors
VRANCEANU Radu, BESANCENOT D.
Abstract
In an economy where commercial lenders have imperfect information about the borrower, an excessive sanction for false financial statements could bring about more company defaults and a higher default premium.
BESANCENOT, D. et VRANCEANU, R. (2009). Strategic Managerial Dishonesty and Financial Distress. Research in Economics, 63(1), pp. 11-21.