Benutzer: Gast  Login
Titel:

Financial covenants and their restrictiveness in European LBOs - an assessment in the aftermath of the financial crisis

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Achleitner, A.K.; Bock, C.; Tappeiner, F.
Nicht-TUM Koautoren:
nein
Kooperation:
-
Abstract:
Financial covenants play a crucial role in mitigating agency conflicts in loan agreements of high leverage. In a European–wide qualitative survey among private equity experts, we assessed the impact of the financial crisis on financial covenants in leveraged buyout transactions. We concentrated on the factors that drive covenant restrictiveness by measuring the change of headroom as the most influential factor determining restrictiveness. The survey of 25 lead arrangers and private equity sponso...     »
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
International Journal of Entrepreneurial Venturing
Journal gelistet in FT50 Ranking:
nein
Jahr:
2012
Band / Volume:
4
Heft / Issue:
3
Seitenangaben Beitrag:
214-238
Print-ISSN:
1742-5360
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Interdisziplinarität:
Nein
 BibTeX