THE ROLE OF COVENANTS AND THE FIRM'S FINANCING CHOICE: A theoretical model in order to increase the efficency of public and private debt contracts

 
9783843370219: THE ROLE OF COVENANTS AND THE FIRM'S FINANCING CHOICE: A theoretical model in order to increase the efficency of public and private debt contracts

In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt's terms, in order to protect them against a potential borrower's default. Covenants are therefore useful for creditors' protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm's choice.

"synopsis" may belong to another edition of this title.

About the Author:

Anna Fattor studied Economics and Business Administration at the University of Trento, Italy. After the bachelor degree, she obtained in 2009 a master degree in Finance at the Umeň University, Sweden. In July 2010 she graduated at the University of Trento in Bank, Enterprise and Financial Markets. She is engaged in a research project on covenants.

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 95.00
US$ 66.71

Convert Currency

Shipping: US$ 8.00
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Anna Fattor
Published by LAP Lambert Academic Publishing 2010-11-04 (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New paperback Quantity Available: > 20
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description LAP Lambert Academic Publishing 2010-11-04, 2010. paperback. Book Condition: New. Bookseller Inventory # 9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 66.71
Convert Currency

Add to Basket

Shipping: US$ 8.00
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Fattor, Anna
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Quantity Available: 1
Seller:
Rating
[?]

Book Description Book Condition: New. Publisher/Verlag: LAP Lambert Academic Publishing | A theoretical model in order to increase the efficency of public and private debt contracts | In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt's terms, in order to protect them against a potential borrower's default. Covenants are therefore useful for creditors' protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm's choice. | Format: Paperback | Language/Sprache: english | 247 gr | 176 pp. Bookseller Inventory # K9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 76.82
Convert Currency

Add to Basket

Shipping: US$ 3.51
From Germany to U.S.A.
Destination, Rates & Speeds

3.

Anna Fattor
Published by LAP Lambert Academic Publishing (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Quantity Available: > 20
Print on Demand
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description LAP Lambert Academic Publishing, 2010. PAP. Book Condition: New. New Book. Delivered from our UK warehouse in 3 to 5 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # LQ-9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 77.92
Convert Currency

Add to Basket

Shipping: US$ 12.00
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Fattor, Anna
Published by LAP Lambert Academic Publishing (2016)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description LAP Lambert Academic Publishing, 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9783843370219_lsuk

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 84.80
Convert Currency

Add to Basket

Shipping: US$ 5.17
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

Fattor, Anna
Published by LAP Lambert Academic Publishing (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Quantity Available: > 20
Print on Demand
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description LAP Lambert Academic Publishing, 2010. PAP. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IQ-9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 88.73
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

6.

Anna Fattor
Published by LAP Lambert Acad. Publ. Nov 2010 (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Taschenbuch Quantity Available: 1
Seller:
BuchWeltWeit Inh. Ludwig Meier e.K.
(Bergisch Gladbach, Germany)
Rating
[?]

Book Description LAP Lambert Acad. Publ. Nov 2010, 2010. Taschenbuch. Book Condition: Neu. Neuware - In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt's terms, in order to protect them against a potential borrower's default. Covenants are therefore useful for creditors' protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm's choice. 176 pp. Englisch. Bookseller Inventory # 9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.31
Convert Currency

Add to Basket

Shipping: US$ 20.13
From Germany to U.S.A.
Destination, Rates & Speeds

7.

Anna Fattor
Published by LAP Lambert Acad. Publ. Nov 2010 (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Taschenbuch Quantity Available: 1
Seller:
Rheinberg-Buch
(Bergisch Gladbach, Germany)
Rating
[?]

Book Description LAP Lambert Acad. Publ. Nov 2010, 2010. Taschenbuch. Book Condition: Neu. Neuware - In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt's terms, in order to protect them against a potential borrower's default. Covenants are therefore useful for creditors' protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm's choice. 176 pp. Englisch. Bookseller Inventory # 9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.31
Convert Currency

Add to Basket

Shipping: US$ 20.13
From Germany to U.S.A.
Destination, Rates & Speeds

8.

Anna Fattor
Published by LAP Lambert Acad. Publ. Nov 2010 (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Taschenbuch Quantity Available: 1
Print on Demand
Seller:
AHA-BUCH GmbH
(Einbeck, Germany)
Rating
[?]

Book Description LAP Lambert Acad. Publ. Nov 2010, 2010. Taschenbuch. Book Condition: Neu. This item is printed on demand - Print on Demand Neuware - In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt's terms, in order to protect them against a potential borrower's default. Covenants are therefore useful for creditors' protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm's choice. 176 pp. Englisch. Bookseller Inventory # 9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.31
Convert Currency

Add to Basket

Shipping: US$ 34.67
From Germany to U.S.A.
Destination, Rates & Speeds

9.

Anna Fattor
Published by LAP Lambert Academic Publishing, Germany (2010)
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Paperback Quantity Available: 1
Seller:
The Book Depository EURO
(London, United Kingdom)
Rating
[?]

Book Description LAP Lambert Academic Publishing, Germany, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debt s terms, in order to protect them against a potential borrower s default. Covenants are therefore useful for creditors protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firm s choice. Bookseller Inventory # KNV9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 123.47
Convert Currency

Add to Basket

Shipping: US$ 4.00
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Anna Fattor
Published by LAP Lambert Academic Publishing
ISBN 10: 3843370214 ISBN 13: 9783843370219
New Paperback Quantity Available: > 20
Seller:
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Rating
[?]

Book Description LAP Lambert Academic Publishing. Paperback. Book Condition: New. 176 pages. Dimensions: 8.7in. x 5.9in. x 0.4in.In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debts terms, in order to protect them against a potential borrowers default. Covenants are therefore useful for creditors protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we proceed by steps, analyzing firstly the financing decision of a firm without the covenant and then examining how a covenant either on the public or on the private debt, can impact on the firms choice. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9783843370219

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 137.70
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds