WebOct 11, 2014 · Bratton W (2006) Bond covenants and creditor protection: economics and law, theory and practice, substance and process. Eur Bus Org Law Rev (EBOR) 1:39–87. ... Diamond D (1984) Financial intermediation and delegated monitoring. Rev Econ Stud 51:393–414. CrossRef Google Scholar Elkamhi R, Ericsson J, Parsons CA (2012) The … WebRegarding non-price terms, we conclude that engagement auditors with negative experiences are associated with smaller bond sizes, shorter bond maturities, a higher likelihood of requiring collateral, and more restrictive covenants. Further analyses also show that the effects of engagement auditors’ negative experiences on the costs of ...
Corporate Governance and Covenants in Debt Contracts
WebMar 1, 2024 · By using a comprehensive dataset on Yankee bonds, we find that bond contracts include more covenants when the issuer comes from a country with a lower … WebOct 1, 2000 · Abstract. This paper analyzes the market for syndicated loans, a hybrid of private and public debt, which has grown at well over a 20% rate annually over the past decade and which totaled over $1 trillion in 1997. We identify empirically the factors that influence a bank or nonbank's decision to syndicate a loan and the determinants of the ... hair edges cc sims 4 download
Debt composition and lax screening in the corporate …
WebWe investigate the association between direct debtholder monitoring via bond covenants and delegated monitoring via borrowers’ corporate governance mechanisms. We find … WebNov 1, 2004 · Private placement bonds have unique financial contracting in controlling borrower-lender agency conflicts due to direct monitoring and the relative ease of future … WebFeb 20, 2005 · Prior research documents a decline in the use of accounting based covenants in public debt issued during recent periods. This study is concerned with understanding what factors influence the choice of debt covenants in public lending agreements over three distinct time periods (1975-1979, 1989-1993, 1999-2002) in order … bulk groceries online free shipping