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

Journal of Accounting and Economics

Volumn 33, Issue 2, 2002, Pages 205-227

  Beatty, Anne ^a   Ramesh, K ^b   Weber, Joseph ^c  

^a PENNSYLVANIA STATE UNIVERSITY   (United States)

^b Analysis Group/Economics   (United States)

^c MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Accounting change; Accounting choice; Covenant; Debt contracting

Indexed keywords

EID: 0036267587     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-4101(02)00046-0     Document Type: Article

References (20)

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2. Banking relationships and the effect of monitoring on loan pricing
3. The value of auditor assurance: Evidence from loan pricing
4. Contract costs, bank loans, and the cross-monitoring hypothesis
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6. Bank risk rating of business loans
7. Equity price reaction to the pronouncements related to accounting for income taxes
8. Effectiveness of accounting-based dividend covenants
9. The common structure of statistical models of truncation, sample selection, and limited dependent variables and a simple estimator for such models
10. Theory of the firm: Managerial behavior, agency costs and ownership structure
11. Accounting information in private markets: Evidence from private lending agreements
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13. The use of fixed GAAP provisions in debt contracts
14. The effects of the bankruptcy reform act of 1978 on small business loan repricing
15. A perspective on accounting-based covenant violations
16. Debt-covenant violations and managers' accounting responses
17. Positive accounting theory: A ten year perspective
18. Accounting for Decision Making and Control