Corporate Governance and Covenants Restrictiveness in Private Debt Contract

• Main Authors: Abu Bakar, Intan Suryani, Mather, Paul, George, Tanewski
• Format: Monograph
• Language: English
• Published: Contemporary Accounting Research 2012
• Subjects: HF5601 Accounting. Bookkeeping; HJ Public Finance
• Online Access: http://irep.iium.edu.my/27329/1/CAR_Submission_Covenants_Paper_23Oct2012.pdf; http://irep.iium.edu.my/27329/

Both corporate governance and covenants separately have been shown to play a role in mitigating agency problems associated with debt. Accordingly, we examine the association between corporate governance and the restrictiveness of covenants on a sample of newly syndicated loans in the U.S. private de...