The structure and pricing of corporate debt covenants
M Bradley, MR Roberts - The Quarterly Journal of Finance, 2015 - World Scientific
We provide evidence on the covenant structure of corporate loan agreements. Building on
the work of Jensen and Meckling [1976, Theory of the Firm: Managerial Behavior, Agency …
the work of Jensen and Meckling [1976, Theory of the Firm: Managerial Behavior, Agency …
An empirical examination of the relation between debt contracts and management incentives
J Begley, GA Feltham - Journal of Accounting and Economics, 1999 - Elsevier
Prior research on the factors influencing the use of debt covenants restricting dividends and
additional borrowing is extended by considering management incentives. When alternative …
additional borrowing is extended by considering management incentives. When alternative …
A comparison of bond ratings from Moody's S&P and Fitch IBCA
J Jewell, M Livingston - Financial Markets, Institutions & …, 1999 - Wiley Online Library
Previous research has found that the bond market values the ratings of Moody's and
Standard & Poor's. This paper extends earlier research by comparing the ratings of Moody's …
Standard & Poor's. This paper extends earlier research by comparing the ratings of Moody's …
[BOOK][B] Shareholder-management conflict and event-risk covenants
GP Roth - 1995 - search.proquest.com
Event-risk covenants (ERCs) constitute a class of bond covenants that extend event-risk
protection to bondholders. Event risk is the risk of a decline in the credit quality of an issuer …
protection to bondholders. Event risk is the risk of a decline in the credit quality of an issuer …
Debt sources: Empirical determinants and their impact on corporate financial policies
CT Ho - 2018 - openrepository.aut.ac.nz
Different debt sources have different characteristics, which can have different impact on
various corporate financial policies. Understanding a firm's choice of debt sources and how …
various corporate financial policies. Understanding a firm's choice of debt sources and how …
[CITATION][C] Debt covenants, agency costs and debt maturity
[BOOK][B] The role of third rating agencies in the market for public debt: Is Fitch different from Moody's and Standard & Poor's?
JJ Jewell - 1997 - search.proquest.com
Recently, the academic literature has debated the role that'third'rating agencies such as
Fitch and Duff & Phelps play in the public debt markets. The vast majority of public debt …
Fitch and Duff & Phelps play in the public debt markets. The vast majority of public debt …
[BOOK][B] The interpretation of the added financing cost due to weak event risk protection as an implicit form of perquisite compensation
WH Svihla - 2002 - search.proquest.com
This dissertation investigated whether including an event risk covenant in a public debt
agreement represents an effort by top management at ensuring their own tenure in case of a …
agreement represents an effort by top management at ensuring their own tenure in case of a …