Artikel
Use of debt covenants in small firms
This paper examines the structure of debt covenants in small firms, with emphasis on privately owned firms. It is based on a survey of a large sample of firms drawn from the S&P Register of Corporations. The findings show that debt covenants imposed on small firms differ according to the firm type (privately owned or publicly owned), debt level, the borrowing cost, and the source of financing (bank or other sources). The evidence is generally consistent with the arguments relating to stockholder-bondholder agency cost conflicts and the Costly Contracting Hypothesis of Smith and Warner (1979).
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Entrepreneurial Finance, JEF ; ISSN: 1551-9570 ; Volume: 11 ; Year: 2006 ; Issue: 2 ; Pages: 49-72 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)
- Classification
-
Management
- Event
-
Geistige Schöpfung
- (who)
-
Bathala, Chenchuramaiah T.
Bowlin, Oswald D.
Dukes, William P.
- Event
-
Veröffentlichung
- (who)
-
The Academy of Entrepreneurial Finance (AEF)
- (where)
-
Montrose, CA
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Bathala, Chenchuramaiah T.
- Bowlin, Oswald D.
- Dukes, William P.
- The Academy of Entrepreneurial Finance (AEF)
Time of origin
- 2006
Other Objects (12)
Small firm use of debt: An examination of the smallest small firms
Sources of capital and debt structure in small firms
Financing the Small Firm Start-Up: Determinants of Debt Use
A Note on the Use of Debt by Venture Capital Backed Firms
The Alternative to Assuming 'Rational' Use of Financial Information within Small Firms
Do DJIA firms reflect stationary debt ratios?
Avoiding taxes: banks’ use of internal debt
Why Small Manufacturing Firms Shun DCF
Capital Structure and Small Growth Firms
Innovation in Large and Small Firms
Reputation, accounting information and debt contracts in Chinese family firms
A Survey of Leasing in Small Firms
Small firm use of debt: An examination of the smallest small firms
Sources of capital and debt structure in small firms
Financing the Small Firm Start-Up: Determinants of Debt Use
A Note on the Use of Debt by Venture Capital Backed Firms
The Alternative to Assuming 'Rational' Use of Financial Information within Small Firms
Do DJIA firms reflect stationary debt ratios?
Avoiding taxes: banks’ use of internal debt
Why Small Manufacturing Firms Shun DCF
Capital Structure and Small Growth Firms
Innovation in Large and Small Firms
Reputation, accounting information and debt contracts in Chinese family firms
A Survey of Leasing in Small Firms
Small firm use of debt: An examination of the smallest small firms
Sources of capital and debt structure in small firms
Financing the Small Firm Start-Up: Determinants of Debt Use
A Note on the Use of Debt by Venture Capital Backed Firms
The Alternative to Assuming 'Rational' Use of Financial Information within Small Firms
Do DJIA firms reflect stationary debt ratios?
Avoiding taxes: banks’ use of internal debt
Why Small Manufacturing Firms Shun DCF
Capital Structure and Small Growth Firms
Innovation in Large and Small Firms
Reputation, accounting information and debt contracts in Chinese family firms