Results 1 to 10 of about 340,207 (304)
The market response to implied debt covenant violations
Journal of Business Finance and Accounting, 2018 AbstractPrevious research documents a negative stock price reaction to the announcement of a debt covenant violation (DCV). However, managers of firms that violate a covenant often obtain waivers and renegotiate debt contracts with lenders before the SEC requires them to disclose a violation. Firms therefore may not report some covenant violations, and
Derrald Stice
exaly +5 more sources
Debt Heterogeneity and Covenants
Management Science, 2020 Coordination failure among owners of heterogeneous debt types increases distress costs. Covenants reduce expected distress costs by lowering the probability of liquidity shortages, increasing liquidation values, and incentivizing creditor monitoring.
Clemens Otto, Yun Lou
exaly +5 more sources
The effect of debt covenant, political cost and IFRS implementation towards the company value [PDF]
Accounting, 2021 The research is aimed to analyze the influence of debt covenant, political cost and implementation of IFRS toward firm value. The population in this research are non public companies in the period 2016, 2017 and 2018. Non public companies are used as the
Ahalik, Ahalik +2 more
doaj +1 more source
Callable or Convertible Debt? The Role of Debt Overhang and Covenants [PDF]
SSRN Electronic Journal, 2020 Many U.S. corporate bonds are either callable or convertible. While callable bonds provide a higher coupon to bondholders in exchange for a firm's repurchase option of its claim, convertible bonds offer investors the option to exchange a firm's debt to equity. This paper analyzes the choice between these two debt contracts.
Christian Riis Flor +2 more
openaire +2 more sources
Debt Covenant, Political Cost, Political Connection, And Bank Connections Towards Company Value
Jurnal Akuntansi, 2023 The goal of this study is to look at how debt covenant, political cost, political connection, and bank connections affect company value. The research used secondary data with completed financial reports from 24 public companies or 120 data in the banking
Yuliana, Agus Munandar
doaj +1 more source
Kompartemen: Jurnal Ilmiah Akuntansi, 2023 Penelitian ini bertujuan untuk menguji pengaruh debt covenant, ukuran perusahaan, dan bonus plan terhadap konservatisme akuntansi dengan kepemilikan institusional sebagai variabel moderasi.
Ade Mutia Indah Sari
doaj +1 more source
Managerial Optimism and Debt Covenants [PDF]
Journal of Accounting Research, 2019 ABSTRACTThis paper studies the effects of managerial optimism on the optimal design of debt covenants. We find that managers who are more optimistic about the future success of their investment ideas provide lenders with greater control rights via tighter covenants.
Jakob Infuehr, Volker Laux
openaire +2 more sources
Matrik, 2022 This research is aimed to test the influence of tax, bonus mechanism, tunneling incentive and debt covenant to transfer pricing of multinational companies. The seconder data used in this research is obtained by accessing www.idx.co.id.
I Ketut Sujana +2 more
doaj +1 more source
Corporate Tax Policy: Impact Tunnelling Incentive, Debt Covenant, And Transfer Pricing
Jurnal Akuntansi, 2023 Transfer pricing is considered one of the corporate policies for minimizing the tax burden. This study aims to analyze the role of transfer pricing in the influence of tunnelling incentives and debt covenants on corporate tax policy.
Deden Tarmidi +2 more
doaj +1 more source
Optimal Dividend and Capital Structure with Debt Covenants [PDF]
Journal of Optimization Theory and Applications, 2020 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chevalier, Etienne +2 more
openaire +3 more sources