Creditor control rights in debt covenant violations and renegotiation: evidence from private debt agreements
thesisposted on 02.07.2021, 07:47 by Xiang Li
Focusing on private debt contracting, this dissertation investigates two pivotal events: loan covenant violations and renegotiation, in three chapters. Specifically, Chapter 1 presents the first research “Insider Trading Signals around Debt Covenant Violations: An Empirical Investigation”. Chapter 2 documents the second research “How Does Inside Information Impact Debt Renegotiation? The Role of Inside Trading”. Chapter 3 shows the third research “Credit Risk Transfers and the 20-year Decline in Loan Covenant Violations”.
- Business and Economics