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pro vyhledávání: '"Ruchti, T G"'
We use a threshold-based design to study ex post discretion in lenders’ contractual enforcement of covenant violations. At preset thresholds, lenders enforce contractual breaches only infrequently, but this enforcement is associated with material c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::69eeca742579231ac4d621547fb95446
https://lbsresearch.london.edu/id/eprint/1536/8/lender-forbearance.pdf
https://lbsresearch.london.edu/id/eprint/1536/8/lender-forbearance.pdf
To meet short-term benchmarks, lenders may alter their monitoring behavior, providing a channel for short-termism to spill over to their borrowers. We find that short-termist lenders are significantly more likely to enforce covenant breaches. This be
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::34f842ea9ae05cab6c99a151a247e693
https://lbsresearch.london.edu/id/eprint/1538/1/BEKR_Spillovers.pdf
https://lbsresearch.london.edu/id/eprint/1538/1/BEKR_Spillovers.pdf