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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.
- Sales Rank: #3652106 in Books
- Published on: 1991-01-15
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .24" w x 6.05" l,
- Binding: Paperback
- 53 pages
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