... 17 05 2026 © Emerald Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Shareholder authority Corporate governance Creditor relations Debt structure Agency costs Say-on-Pay Creditor rights G32 G34 G23 K22 Funding: The author...

..., as a policy treatment, which has strengthened creditor rights. Design/methodology/approach This study takes a sample of 814 non-financial Indian firms for a period spanning from 2011 to 2023 and employs the difference-in-differences method, subsample analysis and moderation effect. Findings...

... and political regimes across countries. Design/methodology/approach Using country‐level creditor rights index and labor rights index as a proxy for bargaining powers of creditors and employees, respectively, the author addresses the interaction between creditors as well as employees and shareholders...