The changing role of accounting numbers in public lending agreements

Accounting Horizons

Volumn 18, Issue 2, 2004, Pages 81-96

  Begley, Joy ^a   Freedman, Ruth ^a  

^a UNIVERSITY OF BRITISH COLUMBIA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 18944393774     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: 10.2308/acch.2004.18.2.81     Document Type: Article

References (13)

1. Begley, J. 1990. Debt covenants and accounting choice. Journal ofAccounting and Economics 12 (1-3): 125-139.
2. Begley, J. and G. A. Feltham. 1999. An empirical examination of the relation between debt contracts and management incentives. Journal ofAccounting and Economics 27 (2): 229-259.
3. Burgstahler, D., and I. Dichev 1997. Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics 24 (1): 99-126.
4. DeAngelo, H., L. DeAngelo, and K. Wruck. 2002. Asset liquidity, debt covenants, and managerial discretion in financial distress: The collapse of L. A. Gear. Journal of Financial Economics 64 (1): 3-34.
5. Dichev, I., and D. Skinner. 2002. Large-sample evidence on the debt covenant hypothesis. Journal ofAccounting Research 40 (4): 1091-1123.
6. Duke, J., and H. Hunt III. 1990. An empirical examination of debt covenant restrictions and accounting-related debt proxies. Journal ofAccounting and Economics 12 (1-3): 45-63.
7. Fridson, M. 2001. Credit analysis: A battle-scarred veteran's view. AIMR Conference Proceedings, Fixed Income Management in the 21st Century (October): 89-96.
8. Gilson, S., and J. Warner. 1998. Private versus public debt: Evidence from firms that replace bank loans with junk bonds. Working paper, Harvard University.
9. Gootkind, C. 2001. Improving credit risk analysis. AlMR Conference Proceedings, Fixed Income Management in the 21st Century (October): 97-103.
10. Kalay, A. 1982. Stockholder-bondholder conflict and dividend constraints. Journal ofFinancial Economics 10 (2): 211-233.
11. Press, E., and J. Weintrop. 1990. Accounting-based constraints in public and private debt agreements: Their association with leverage and impact on accounting choice. Journal ofAccounting and Economics 12 (1-3): 65-95.
12. Smith, C., and J. Warner. 1979. On financial contracting: An analysis ofbond covenants. Journal ofFinancial Economics 7 (2): 117-161.
13. Titman, S., and R. Wessels 1988. The determinants ofcapital structure choice. Journal ofFinance 43 (1): 1-19.