The Double Role of Financial Covenants in Bond Issues in Brazil

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...

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Bibliographic Details
Main Authors: Jonatan Marlon Konraht, Rodrigo Oliveira Soares
Format: Article
Language:English
Published: Fundação Escola de Comércio Álvares Penteado 2020-01-01
Series:Revista Brasileira de Gestão De Negócios
Subjects:
financial covenants
cost of debt
bonds
spread.
Online Access:https://rbgn.fecap.br/RBGN/article/view/4041

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