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Found 4 essays matching the above criteria.

  1. 1. Yield Spreads and Covenants : is there a negative relationship?

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Gustaf Ågren; Isak Roth; [2015]
    Keywords : covenants; yield spread; bondholder-stockholder conflict; Swedish bond market; Z-score;

    Abstract : Research concerning covenants has at large not examined what quantifiable relationship covenants have with yield spreads. We shed light on this topic as we evaluate Swedish bond indentures. READ MORE

  3. 2. The Effect of Conservative Accounting on the Bondholder-Shareholder Conflict and Cost of Debt

    University essay from Företagsekonomiska institutionen

    Author : Felix Nordlind; Samuel Lucki Racana; [2013]
    Keywords : Conservative Accounting; Bondholder-Shareholder Conflict; Corporate Debt; Bond Spread; Dividend Policy; Norway;

    Abstract : Prior research on conservative accounting and bondholder-shareholder conflict show that firms with higher degree of conservatism experience less austere conflict and lower cost of debt. However, since the implementation of IFRS in 2005, conservatism has been widely reduced in favor of fair value principles. READ MORE

  4. 3. The Bondholder-Stockholder Conflict: The Relation between Debt Covenants and Bond Spreads

    University essay from Företagsekonomiska institutionen

    Author : Martin Stolt; Tim Högnelid; [2012]
    Keywords : bondholder-stockholder conflict; covenants; Z’-score; corporate debt; Norwegian bond market;

    Abstract : Prior research on covenants show that they are frequently included in corporate debt agreements as means of mitigating bondholder-stockholder conflicts. As covenants should be more frequently included when there is a higher degree of bondholder-stockholder conflict, what is then the relation between covenants and spread? Our results show that on the Norwegian corporate debt market, bonds that include covenants have a higher spread than those that do not. READ MORE

  5. 4. The acceleration of corporate bonds made by hedge funds

    University essay from Lunds universitet/Juridiska institutionen

    Author : Sara Sommansson; [2009]
    Keywords : Bankrätt; Law and Political Science;

    Abstract : Hedge funds have been a part of the financial markets since the 1940's. However, it is only during the last decade that they have gained the status as one of the more influential players on this market. Today hedge funds enjoy great interest from both investors and regulators. READ MORE