Results 201 to 210 of about 1,613,471 (241)

Scope for renegotiation in private debt contracts

Journal of Accounting and Economics, 2012
I provide new evidence on the renegotiation of financial contracts using a comprehensive sample of over 90,000 debt contract renegotiations. I study whether the demand for monitoring determines the renegotiation intensity, defined as either the renegotiation frequency over a period of time or the time between renegotiations.
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Optimal debt contracts under costly enforcement

Economic Theory, 2005
We consider a financing game with costly enforcement based on Townsend (1979), but where monitoring is non-contractible and allowed to be stochastic. Debt is the optimal contract. Moreover, the debt contract induces creditor leniency and strategic defaults by the borrower on the equilibrium path, consistent with empirical evidence on repayment and ...
Hans K. Hvide, Tore E. Leite
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Essays on debt contracting

2017
This thesis consists of three studies that investigate the channels through which corporate governance reforms, accounting choice, and social capital influence contracting in the corporate bond market. In Chapter 1 (solo authored), I examine the public debt contracting consequences of shocks to managerial entrenchment.
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Asset revaluations and debt contracting [PDF]

, 2023
The research question investigated is “Do managers of Australian firms use upward asset revaluations to reduce debt contracting costs?” Much work in the accounting choice literature is premised on a relation between debt contracts and accounting policies.
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Shylock and Debt and Contract in "The Merchant of Venice"

Cardozo Studies in Law and Literature, 1993
(1993). Shylock and Debt and Contract in “The Merchant of Venice”. Law & Literature: Vol. 5, A Symposium Issue on The Merchant of Venice, pp. 65-85.
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Accounting Quality and Debt Contracting

The Accounting Review, 2004
We study the role of borrower accounting quality in debt contracting. Specifically, we examine how accounting quality affects the borrower's choice of private versus public debt market and how the design of debt contracts vary with accounting quality in the two markets.
Sreedhar T. Bharath, Jayanthi Sunder, Shyam V. Sunder   +2 more
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Debt Contracts and Credit Rationing

2002
Abstract In this chapter, asymmetric information is introduced. The insurance problem serves as an introduction to the economic problems arising from asymmetric information. Contract forms depend on the type of informational asymmetry. The form of a standard debt contract can be explained by costly state verification.
Jürgen Eichberger, Ian Harper, Christian Pfeil, Florian Scheid   +3 more
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Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts

Journal of Corporate Finance, 2022
Chun-Bo Liu, Liang Xu, Haoyi Yang, Wenqiao Zhang   +3 more
semanticscholar   +1 more source

GOVERNMENT DEBT‐THRESHOLD CONTRACTS

Economic Inquiry, 2013
Politicians tend to push the amount of public debt beyond socially desirable levels in order to increase their reelection chances. We develop a model that provides a new explanation for this behavior: office holders undertake debt‐financed public projects, but postpone the timing of part of the output to the next term.
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Debt contracts and stochastic default barrier

2012
This article presents structural asset pricing model with stochastic interest rate and default barrier based on the evolution of the firm' Earning Before Interest and Taxes (EBIT). This framework is further enhanced by the game theory analysis which examines the negotiation between shareholders and creditors with respect to the debt of the company and ...
Martin Dózsa, Jakub Seidler
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