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Titel:

Structure and determinants of financial covenants in leveraged buyouts

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Achleitner, A.K.; Braun, R.; Hinterramskogler, B.; Tappeiner, F.
Nicht-TUM Koautoren:
nein
Kooperation:
-
Abstract:
We use a proprietary dataset to explore (i) the financial cove nant structure and (ii) the determinants of their restrictiveness in levera ged buyouts. With respect to (i) we find that the covenant structure is more standardized in s ponsored than in non-sponsored loans: the former show less variation in the in cluded types and combinations of covenants and include more financial covenants than the latter. With resp ect to (ii) we measure financial covenant restrictiveness precisely as th e dist...     »
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
Review of Finance
Journal gelistet in FT50 Ranking:
Review of Finance
Jahr:
2012
Band / Volume:
16
Heft / Issue:
3
Seitenangaben Beitrag:
647-684
Print-ISSN:
1572-3097
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Interdisziplinarität:
Ja
Leitbild:
;
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