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Beatty et al., 2002 - Google Patents

The importance of accounting changes in debt contracts: the cost of flexibility in covenant calculations

Beatty et al., 2002

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Document ID
17245933062705884693
Author
Beatty A
Ramesh K
Weber J
Publication year
Publication venue
Journal of Accounting and Economics

External Links

Snippet

In this paper, we examine how the exclusion of voluntary and mandatory accounting changes from the calculation of covenant compliance affects the interest rate charged on the loan. After controlling for self-selection bias and other factors known to affect loan spreads …
Continue reading at www.academia.edu (PDF) (other versions)

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