Following Miles and Snow’s Business Strategy (BS) topology, we find that banks impose relatively higher loan spreads for the firms follow an Innovation-Oriented Strategy (IOBS). We further document IOBS is positively associated with corporate risk measures such as variances in equity returns on assets. Overall, our findings suggest charge a cost of debt anticipation borrowers’ payback riskin...

............................................................................................................................. 22 1. Chapter One Introduction ............................................................................................. 23 1.1. Research Background .............................................................................................. 24 1.2. Research Motiva...