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Ileen Barbara Malitz - The Modern Role of Bond Covenants

Posted on 2010-07-07




Name:Ileen Barbara Malitz - The Modern Role of Bond Covenants
ASIN/ISBN:0943205220
Publisher:Blackwell Publishers
Publish Date:0943205220
Pages:55 pages
File size:5.77 Mb
Publisher: Research Foundation of AIMR & Blackwell Publishers
Publish Date: 1994-01
ISBN: 0943205220
File Type: PDF
Pages: 55 pages
File Size: 5.77 MB
   Ileen Barbara Malitz - The Modern Role of Bond Covenants

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Bond covenants-designed to control conflicts of interest between shareholders and bondholders-are important because lack of adequate protection can erode bondholder value. This monograph investigates whether existing covenants are adequate or whether they have lost value as a result of factors that assumed prominence during the leveraged-buyout era.

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