Default clauses in debt contracts
We examine the determinants of events of default clauses in syndicated loan and bond contracts, provi- sions that allow lenders to request the repayment of principal and to terminate lending commitments. We document significant variation in the use of default clauses and their restrictiveness within...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1697 https://ink.library.smu.edu.sg/context/soa_research/article/2724/viewcontent/101007_2Fs11142_015_9337_8.pdf |
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| Institution: | Singapore Management University |
| Language: | English |