The Role of Bond Covenants and Short-Term Debt: Evidence from Brazil
This paper examines the role of financial covenants as substitutes for short-term debt and a possible trade off between short-term debt and long-term debt, especially for companies with growth opportunities. Using a sample of 159 corporate bonds issued on the Brazilian Market, we found evidence that...
| Main Authors: | , , |
|---|---|
| 格式: | 文件 |
| 语言: | English |
| 出版: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2013-07-01
|
| 丛编: | BAR: Brazilian Administration Review |
| 主题: | |
| 在线阅读: | http://www.anpad.org.br/periodicos/arq_pdf/a_1413.pdf |