嘉宾简介：麻志明教授2014年于香港科技大学获得博士学位，同年加入光华ok138cn太阳集团。历任助理教授，副教授，教授。研究领域为信息披露，债务，审计，公司治理，政府会计。曾在国内核心期刊《财政研究》、《改革与战略》等发表多篇论文，并参加American Accounting Association Annual Meeting等多项国际会议。

内容简介：This study examines how the similarity between borrower and lender financial management systems (FMS) affects debt contracts. Using a comprehensive sample of syndicated bank loans, we find that banks charge lower loan spreads to borrowers whose FMS are similar to their own. This effect is stronger for borrowers in poorer information environments and for lenders with less lending experience or greater risk exposure. The results remain robust across different model specifications and under a quasi-natural experiment involving an FMS vendor’s merger and acquisition. Additionally, borrowers are more likely to secure loans from banks with similar FMS. Overall, our findings highlight the critical role of FMS in facilitating information transfer and shaping loan contract terms.