The Double Role of Financial Covenants in Bond Issues in Brazil
Purpose – This study aims to identify the relationship between the use of financial covenants and the cost of borrowing via bonds issued by firms in Brazil. Design/methodology/approach – The sample comprised 269 bond series issued by 106 publicly-listed companies from 2010 to 2016. Covenants wer...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Fundação Escola de Comércio Álvares Penteado
2020-01-01
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| Series: | Revista Brasileira de Gestão De Negócios |
| Subjects: | |
| Online Access: | https://rbgn.fecap.br/RBGN/article/view/4041 |