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The Incidence of Accounting-based Covenants in UK Public Debt Contracts: An Empirical Analysis
16 references·5 citing·36 second hop
The Incidence of Accounting-based Covenants in UK Public Debt Contracts: An Empirical Analysis (1995)The Incidence of Accounting-based Covenan…Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Valuation and Clean Surplus A…Debt covenant violation and manipulation of accruals (1994)Debt covenant violation and m…The investment opportunity set and accounting procedure choice (1993)The investment opportunity se…Costs of technical violation of accounting-based debt covenants (1993)Costs of technical violation …Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies (1993)Additional evidence on the as…A Perspective on Accounting- Based Debt Covenant Violations. (1993)A Perspective on Accounting- …The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…An empirical examination of debt covenant restrictions and accounting-related debt proxies (1990)An empirical examination of d…Accounting-based constraints in public and private debt agreements (1990)Accounting-based constraints …An Empirical Investigation of U.S. Firms in Reorganization (1989)An Empirical Investigation of…Positive Accounting Theory (1985)Positive Accounting TheoryAn analysis of secured debt (1985)An analysis of secured debtA RATIONALE FOR DEBT MATURITY STRUCTURE AND CALL PROVISIONS IN THE AGENCY THEORETIC FRAMEWORK (1980)A RATIONALE FOR DEBT MATURITY…On financial contracting (1979)On financial contractingDeterminants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…What do we know about the role of financial reporting in debt contracting and debt covenants? (2013)What do we know about the rol…Corporate Governance And Creative Accounting: Two Concepts Strongly Connected? Some Intersting Insights Highlighted By Constructing The Internal History Of A Literature (2010)Corporate Governance And Crea…Gouvernance d’entreprise (2009)Gouvernance d’entrepriseCorporate Governance and Financial Distress: when structures have to change (2003)Corporate Governance and Fina…Accounting for goodwill: an examination of factors influencing management preferences (2000)Accounting for goodwill: an e…The Problem of Social Cost (1960)The Pricing of Options and Corporate Liabilities (1973)Financial Intermediation and Delegated Monitoring (1984)A Survey of Corporate Governance (1997)The Scree Test For The Number Of Factors (1966)The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)The use of equity grants to manage optimal equity incentive levels (1999)The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach (2003)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)The effect of bonus schemes on accounting decisions (1985)Earnings Management During Import Relief Investigations (1991)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)Capital markets research in accounting (2001)Toward an Implied Cost of Capital (2001)Expected EPS and EPS Growth as Determinantsof Value (2005)The cost of capital, corporation finance and the theory of investment (2008)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Separation of Ownership and Control (1983)Law and Finance (1998)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Collateral, loan quality and bank risk (1990)Covenants and Collateral as Incentives to Monitor (1995)Lending Relationships and Loan Contract Terms (2008)Debt Maturity and the Effects of Growth Opportunities and Liquidity Risk on Leverage (2003)Executive Compensation and the Maturity Structure of Corporate Debt (2010)Running for the Exit? International Bank Lending During a Financial Crisis (2012)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 1979On financial contracting2,901 cited
  • 1994Debt covenant violation and manipulation of accruals2,773 cited
  • 1995Valuation and Clean Surplus Accounting for Operating and Financial Activities*2,224 cited
  • 1993Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies1,259 cited
  • 1985An analysis of secured debt675 cited
  • 1980A RATIONALE FOR DEBT MATURITY STRUCTURE AND CALL PROVISIONS IN THE AGENCY THEORETIC FRAMEWORK605 cited
  • 1989An Empirical Investigation of U.S. Firms in Reorganization517 cited
  • 1993Costs of technical violation of accounting-based debt covenants443 cited
  • 1993The investment opportunity set and accounting procedure choice442 cited
  • 1990Accounting-based constraints in public and private debt agreements415 cited
  • 1990An empirical examination of debt covenant restrictions and accounting-related debt proxies

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277 cited
  • 1993A Perspective on Accounting- Based Debt Covenant Violations.196 cited
  • Cited by

    • 2010Corporate Governance And Creative Accounting: Two Concepts Strongly Connected? Some Intersting Insights Highlighted By Constructing The Internal History Of A Literature31 cited
    • 2013What do we know about the role of financial reporting in debt contracting and debt covenants?30 cited
    • 2000Accounting for goodwill: an examination of factors influencing management preferences23 cited
    • 2003Corporate Governance and Financial Distress: when structures have to change21 cited
    • 2009Gouvernance d’entreprise10 cited