Evidence on the determinants and economic consequences of delegated monitoring
We investigate delegated monitoring by examining the determinants and effects of including cross-acceleration provisions in public debt contracts. We find that cross-acceleration provision use depends on borrowers' going concern relative to liquidation values, debt repayment structures, credit...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Elsevier,
2015-10-13T19:21:56Z.
|
| Subjects: | |
| Online Access: | Get fulltext |