Revolving Asset-Based Lending Contracts and the Resolution of Debt-Related Agency Problems

Artikel

Small firms that do not have access to organized financial markets must often rely on secured commercial loans for their debt financing. In large firms, debt-related agency problems are often resolved through the bond pricing process in the formal debt markets. When these same debt-related agency problems arise in small, private firms, the structure of the secured lending agreement must resolve these problems. This study identifies debt-related agency problems as they exist in private firms and examines howf the lending agreement resolves these problems.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Journal of Small Business Finance ; ISSN: 1057-2287 ; Volume: 1 ; Year: 1991 ; Issue: 1 ; Pages: 15-28 ; Greenwich, CT: JAI Press

Klassifikation und Themen

• Klassifikation: Management ; Firm Performance: Size, Diversification, and Scope ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Thema: Asset Based Lending ; ABL ; Agency Problem

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Constand, Richard L. ; Osteryoung, Jerome S. ; Nast, Donald A.
• Ereignis: Veröffentlichung
• (wer): JAI Press
• (wo): Greenwich, CT
• (wann): 1991

Weitere Informationen

• Handle: http://hdl.handle.net/10419/114624
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ