Global ETD Search
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Showing 1 to 1 of 1 for “"Textual Analysis (Header-based Approach)"”.
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Operational Risk and Financial Covenants
This paper examines how borrowers’ demand-side and supply-side risks shape the design of debt covenants in private loan contracts. Demand-side risk arises from customer concentration and demand volatility, while supply-side risk stems from supplier dependencies and supply chain fragility. Using new …