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Contractual Complexity in Debt Agreements: The Case of EBITDA
SSRN Electronic Journal, 2019We document significant variation in the contractual definition of EBITDA across syndicated loans and develop a permissiveness score based on the number of adjustments included in EBITDA definitions. We show that permissiveness is associated with tighter covenants but fewer violations.
Adam B. Badawi, Elisabeth de Fontenay
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EBITDA and Managers' Investment and Leverage Choices
Contemporary Accounting Research, 2018ABSTRACTEBITDA is a commonly used performance measure for (i) valuation, (ii) debt contracting, and (iii) executive compensation. The widespread use of EBITDA by stakeholders may induce managers to focus their attention on EBITDA. Since EBITDA excludes various expenses, managers who fixate on EBITDA may underweight the excluded expenses when ...
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From Investor Owned to Not for Profit (EBITDA to EBIDA)
Nursing Administration QuarterlyFour steps CNOs can use to educate teams, to support organization(s), by ensuring financial strength, structures, and processes so we can continue to sustain, increase services, and provide access to care for those in need.
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Računovodstvo i financije, 2020
EBITDA je računovodstvena mjera uspješnosti operativnog poslovanja koju koriste menadžeri i investitori jer pruža relevantne i korisne informacije o poslovanju poduzeća. Poduzeća koja posluju unutar naftne industrije izložena su značajnom utjecaju promjene cijena nafte što se odražava na iskazivanje EBITDA-e.
Stipić, Jelena +2 more
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EBITDA je računovodstvena mjera uspješnosti operativnog poslovanja koju koriste menadžeri i investitori jer pruža relevantne i korisne informacije o poslovanju poduzeća. Poduzeća koja posluju unutar naftne industrije izložena su značajnom utjecaju promjene cijena nafte što se odražava na iskazivanje EBITDA-e.
Stipić, Jelena +2 more
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The Learning Way to EBITDA Improvement
2021Torbjørn H. Nekneby, Daryl John Powell
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Creative Accounting, EBITDA, and Core Earnings
2004Many companies are prone to use financial levers, such as gains from their pension funds, to boost reported profits. Until recently, this was a legal accounting practice, but many investors say it gave an overly rosy view of company results. After the 1999–2002 problems, increased scrutiny of accounting practices means that companies have to be very ...
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2015
Nach der Einführung der Zinsschrankenregelung in 2008 ist ein EBITDA-Vortrag eingeführt worden, durch den das nicht genutzte Zinsabzugsvolumen in die folgenden fünf Wirtschaftsjahre vorgetragen wird. Durch diesen Vortrag soll die Wirkung der Zinsschranke gemildert oder vollständig vermieden werden.
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Nach der Einführung der Zinsschrankenregelung in 2008 ist ein EBITDA-Vortrag eingeführt worden, durch den das nicht genutzte Zinsabzugsvolumen in die folgenden fünf Wirtschaftsjahre vorgetragen wird. Durch diesen Vortrag soll die Wirkung der Zinsschranke gemildert oder vollständig vermieden werden.
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The association between EBITDA reconciliation quality and opportunistic disclosure
South African Journal of Accounting Research, 2021Mattheus Theodorus Mey +1 more
exaly

