The Use of Debt Covenants in Public Debt: The Role of Accounting Quality and Reputation

Keywords

Debt, Business, Reputation, Accounting, Quality (philosophy)

References

• On financial contracting: An analysis of bond covenantsClifford W. Smith, Jerold B. Warner — 1979
• Determinants of contractual relations between shareholders and bondholders: investment opportunities and restrictive covenantsRobert C. Nash, Jeffry M. Netter, Annette B. Poulsen — 2003
• The Role of Accounting Conservatism in Mitigating Bondholder-Shareholder Conflicts over Dividend Policy and in Reducing Debt CostsAnwer S. Ahmed, Bruce K. Billings, Richard M. Morton — 2002
• An empirical examination of the relation between debt contracts and management incentivesJoy Begley, Gerald A. Feltham — 1999
• Costs of Equity and Earnings AttributesJennifer Francis, Ryan LaFond, Per Olsson — 2004
• The Changing Role of Accounting Numbers in Public Lending AgreementsJoy Begley, Ruth Freedman — 2004
• Conservatism in Accounting - Part I: Explanations and ImplicationsRoss L. Watts — 2003

Cited by

• The Design of Financial Maintenance CovenantsRedouane Elkamhi, Latchezar Popov, Raunaq S. Pungaliya — 2015
• Uncertainty and debt covenantsPeter R. Demerjian — 2017
• An Investigation of the Association between Levels of Accounting Conservatism and Corporate Cost of DebtAmira Elsayed Mohamed Ismael — 2013
• Evidence on the determinants and economic consequences of delegated monitoringAnne Beatty, Scott Liao, Joseph Weber — 2012
• Accounting Conservatism and Debt Contracts: Efficient Liquidation and Covenant RenegotiationJing Li — 2013
• Structure and Determinants of Financial Covenants in Leveraged BuyoutsAnn‐Kristin Achleitner, Reiner Braun, Bastian Hinterramskogler — 2012
• LES CLAUSES DES CONTRATS DE DETTE DES PETITES ENTREPRISES : CAS DES ENTREPRISES CANADIENNESJulien Bilodeau, Franck Missonier-Piera, Igor Oliveira dos Santos — 2009
• Conservative accounting as a signaling device in debt covenantsBirgit Beinsen — 2016
• Accounting Conservatism, Debt Contracts and Financial InstitutionsJing Li — 2009
• Affecting Factors on Debt Agreement in Indonesia’s Manufacturing Company Listed in IDXM Hirdinis — 2016
• THE DESIGN OF DEBT CONTRACTS: EVIDENCE OF COST EFFECTIVE USE OF COVENANTS FROM A LARGE SAMPLE OF SMALL LOANSJulien Bilodeau, Franck Missonier-Piera — 2015
• Risk Shifting, Debt Governance and Managerial IncentivesToke Hjortshøj, Chenyang Wei — 2007
• Agency costs and moral hazard under the new banks' capital regulation : diagnosis, modelling and solutionsJorge Ceron — 2017
• Cross-acceleration and the relationship between board independence and bond yield spreadsAnthony Meder, Steven T. Schwartz, Richard Young — 2019
• Media Coverage and Bond Covenants: Evidence from ChinaLu Deng, Ping Jiang, Peigong Li — 2023
• Does the threat of short selling discipline management? Evidence from default risk changes around Regulation SHOKeming Li, Takeshi Nishikawa, Ramesh P. Rao — 2024
• Accounting Quality and Financial Covenants in Loan ContractsRedouane Elkamhi, Latchezar Popov, Raunaq S. Pungaliya — 2015

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