Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management

Adopting an instrumental approach for stakeholder management, we focus on two primary stakeholder groups (employees and creditors) to investigate the relationship between employee treatment and loan contracts with banks. We find strong evidence that fair employee treatment reduces loan price and lim...

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Bibliographic Details
Authors: Francis, Bill (Author) ; Hasan, Iftekhar (Author) ; Liu, Liuling (Author) ; Wang, Haizhi (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2019
In: Journal of business ethics
Year: 2019, Volume: 158, Issue: 4, Pages: 1029-1046
Further subjects:B Cost of bank loans
B Loan covenants
B Instrumental approach
B Employee treatment
B Stakeholder Management
Online Access: Volltext (lizenzpflichtig)