Results 11 to 20 of about 1,613,471 (241)
Accounting‐Based Compensation and Debt Contracts*
Contemporary Accounting Research, 2020 Adding accounting-based performance plans to management compensation packages influences borrowing costs and structure of corporate debt contracts. After granting long-term accounting-based incentive plans (LTAPs) to CEOs, firms pay lower spreads and ...
Zhi Li, Ling-Ling Wang, K. Wruck
semanticscholar +4 more sources
Modelling nominal debt contracts and fixed rate debt [PDF]
Economics Letters, 2005 We provide a simple model of sticky nominal debt contracts and fixed rate debt that can easily be embedded in a dynamic general equilibrium framework. Once linearized, the debt process increases the order of autoregressive dynamics in the system by one; thus potentially introducing more complex adjustment processes.
Graham, L., Wright, S.
core +5 more sources
Microfinance: equity and debt contracts
Applied Economics Letters, 2009 We offer an explanation, drawn from first principles, of the belief that the consumption needs of the asset-poor are best met by debt contracts, whereas equity arrangements are tailored to the financing requirements of poor entrepreneurs.
Amelia Correa, Romar Correa
openaire +2 more sources
Inside Debt and the Design of Corporate Debt Contracts
SSRN Electronic Journal, 2014 Theory posits that managerial holdings of debt (“inside debt”) align managers' incentives with those of outside debtholders. Executive pensions, consisting of rank-and-file (RAF) plans and supplemental executive retirement plans (SERPs), and other deferred compensation (ODC) have debt-like payoffs, and could therefore function as inside debt. However,
Divya Anantharaman +2 more
semanticscholar +3 more sources
State contract law and the use of accounting information in debt contracts
SSRN Electronic Journal, 2020 This paper examines the relation between state contract law and the use of accounting information in debt contracts. Contract theory suggests that balance sheet based covenants resolve debtholder-shareholder conflicts ex ante, whereas income statement based covenants serve as trip- wires that trigger the switch of control rights ex post.
Colleen Honigsberg +3 more
semanticscholar +2 more sources
State Contract Law and Debt Contracts
The Journal of Law and Economics, 2014 This paper examines the relationship between debt contracts and state contract law. We first develop an index to evaluate whether each state's law is favorable or unfavorable to lenders. We then analyze how the contract terms, the frequency of covenant violations, and the repercussions of covenant violations vary across states.
Colleen Honigsberg +2 more
semanticscholar +2 more sources
THE CONSERVATIVE ACCOUNTING MEASUREMENTS FROM THE PERSPECTIVE OF ACCOUNT IN FINANCIAL STATEMENT
Jurnal Ilmiah Bisnis dan Ekonomi Asia, 2023 The purpose of this paper is to determine the implementation of conservative accounting from the perspective of financial statements which include tax incentives, debt contracts, and political costs as research variables in manufacturing companies.
Murtianingsih Murtianingsih +1 more
doaj +1 more source
Political Intervention in Debt Contracts [PDF]
Journal of Political Economy, 2002 This paper develops a dynamic general equilibrium model of an agricultural economy in which poor farmers borrow from rich farmers. Because output is stochastic (we allow for idiosyncratic and aggregate shocks), there may be default ex post. We compare equilibria with and without political intervention. Intervention takes the form of a moratorium and is
Patrick Bolton, Howard Rosenthal
openaire +2 more sources
Bringing Rule of Law and Fairness to the Dysfunctional World of Sovereign Debt: A Role for Canada?
Osgoode Hall Law Journal, 2020 Restructuring sovereign debt has long proved challenging: There is no formal regime for sovereign insolvencies similar to those that that govern domestic bankruptcy and insolvency and attempts to create one by international treaty have been met with ...
Maziar Peihani, Mark Jewett
doaj +1 more source
CHALLENGING EMPLOYMENT CONTRACTS IN BANKRUPTCY PROCEEDINGS [PDF]
Северо-Кавказский юридический вестник, 2020 This article is devoted to the analysis of the current situation on the conclusion of labor contracts to the detriment of the property interests of creditors.
Мкртчян Геннадий Мнацаканович +1 more
doaj +1 more source