Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 9 of 9 for “"Debt contract"”.
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Renegotiation of Debt Contract With Partially Informed Lender
Renegotiation is valuable in debt contract because it mitigates the dead-weight losses of bankruptcy. This dissertation investigates the importance of a verification technology used before the renegotiation stage. Using the verification technology is optimal when the dead-weight losses associated …
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Accounting conservatism and debt contract efficiency with soft information.
… conservatism affects the efficiency of debt contracting when the optimal debt contract allows parties to renegotiate. In my model allowing for renegotiation is optimal because both borrowers and lenders have access to non-contractible “soft information”, in addition to the more objective …
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Informal debt contract and consumption : evidence from the vehicle scrappage program/
… program (VSP) in China. The presence of debt owed to family and friends (DOFF) on household balance sheet significantly reduces the takeup rate of the cash for clunkers program in China, by approximately 1.57%. Moreover, this effect is stronger among households without a schedule for DOFF …
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The roll of accounting in debt contract renegotiations : evidence from positive shocks
Using a hand-collected sample of private debt contracts between U.S. publicly traded firms and financial institutions, I examine the role of accounting in the renegotiation of debt contracts following a positive shock to the borrower's credit quality. I find that, following a positive shock to …
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Essays on frictions in financial institutions
… I theoretically analyse two financial contracts commonly found in the modern shadow banking system-rehypothecation and securitisation. Rehypothecation is the direct repledging of the collateral received in a debt contract by the intermediate lender, while securitisation is the use of …
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Determinants of the decision to capitalize finance leases by lessees : Australian evidence
… association, and negatively related to (6) debt contract financial constraints. Support for these hypotheses would be construed as suggesting that capitalization is a means "for lessee firms to reduce or mitigate agency and/ or political costs and concurrently as a signal to the market that …
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Essays in macroeconomics and political economy
… answer to the Bulow and Rogoff (1989) sovereign debt paradox based on a political economy model of debt. It shows that the presence of political uncertainty reduces the ability of a country to save, and hence to replicate the debt contract after default. In a model where different parties …
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Habit Modification in Consumption: Theory and Evidence
… concentrates on the latter model where the contractual nature of household credit produces a beneficial externality: credit erases the memory of ‘customary’ consumption and, thus, depletes the habit stock. The effect, however, is asymmetric since it is the commitment to a debt contract that …
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Two Essays on Lending and Monitoring
… to our understanding of why optimal loan contracts include covenants and how trade-offs between monitoring costs, hold-up costs, and information asymmetries determine the level of covenant protection given to creditors. Second, I investigate if and how monitoring choices are affected by …