Results 1 to 10 of about 1,022 (255)
Financial shocks to lenders and the composition of financial covenants [PDF]
Journal of Accounting and Economics, 2022 Abstract We provide evidence that financial shocks to lenders influence the composition of financial covenants in debt contracts. Using two distinct measures of lender-specific shocks—defaults in a lender's corporate loan portfolio that occur outside the borrower's region and industry, and non-corporate loan delinquencies—we show that lenders respond
Valeri V Nikolaev +2 more
exaly +4 more sources
Sustainability Covenants as a Financial Measure to Enhance the Efficiency of Companies
Eurasian Journal of Economic and Business Studies, 2023 This article aims to identify the status quo of sustainability covenants firstly, secondly analyze their possibilities in enhancing sustainability performance and thirdly present further research directions.
Stefan Noack +3 more
doaj +2 more sources
Financial covenants in syndicated lending transactions
УправлениеThe article analyzes the use of financial covenants in international syndicated lending transactions. From a borrower’s point of view, acceptable levels of financial covenants allow to realize the transaction with comfortable conditions for further ...
A. A. Tarasov
doaj +2 more sources
An Empirical Exploration of Financial Covenants in Large Bank Loans [PDF]
Banks and Bank Systems, 2006 Financial covenants in large bank loans are used to study how banks use contractual restrictions to reduce potential agency problems and financial distress costs. Using an extensive database developed from bank loan contracts written between 1992 and 1994, we find that financial covenant use and “tightness” are affected by potential agency problems ...
John K. Paglia, Donald J. Mullineaux
doaj +2 more sources
Assessment and mitigation of credit risks in project financing [PDF]
Banks and Bank Systems, 2020 Lending to long-term investment projects in fragile countries requires additional financial instruments to control the sustainability of project cash flows and to increase the borrower’s financial discipline in debt servicing.
Svitlana Naumenkova +4 more
doaj +1 more source
A study of positive accounting practice
JPPI (Jurnal Penelitian Pendidikan Indonesia), 2023 Financial accounting, as a branch of science from social science, practically describes the behavior of the presenters of financial statements. This study is confirmatory descriptive research, data obtained from the annual reports of banking companies on
Hisar Pangaribuan +3 more
doaj +1 more source
BBR: Brazilian Business Review, 2022 This article investigates whether the concentration of stock ownership affects the presence and intensity of covenants in the debt contracts of companies listed on the B3 stock exchange in the 2007-2018 period. We also present an overview of the presence
Tatiana Albanez, Rafael Felipe Schiozer
doaj +1 more source
Financial Intermediation and Fixed Capital Formation in Zimbabwe
Eurasian Journal of Economic and Business Studies, 2023 Business sustainability is heavily constrained by the shortage of affordable finance of adequate duration and quality. This affects producers and traders' capacity to reorganize their production and exchange systems to attain dynamic competitiveness ...
Upenyu Sakarombe, Lloyd Badze
doaj +1 more source
Accounting manipulation and loan contract terms [PDF]
Maǧallaẗ Al-Buḥūṯ Al-Mālīyyaẗ wa Al-Tiğāriyyaẗ, 2022 We examine the impact of accounting information frictions on contracting efficiency. More specifically, this paper investigates the relationship between real earnings management and both the structure of syndicated loans and the non-price loan terms ...
محمود احمد
doaj +1 more source
Signaling through Dynamic Thresholds in Financial Covenants [PDF]
Journal of Financial Reporting, 2021 ABSTRACT Among loan contracts originated during 1996–2015 with covenants, 37 percent have financial covenant thresholds that automatically tighten according to a predetermined schedule. Firms that accept dynamic covenant thresholds improve their creditworthiness, but they are more likely to violate covenants relative to matched control ...
Sudheer Chava +2 more
openaire +1 more source