The Accounting Review Vol. 70 No. 2 1995

The Resolution of Technical Default.

Messod D. Beneish¹; Eric Press²

¹ Indiana University · ² Temple University

Abstract

Examines whether the consequences arising from renegotiation of lending agreements are priced in the market. Technical default; Wealth losses from higher costs of borrowing and restrictions on firms' opportunities; Stock price declines; Debt covenant violation.

DOI

10.2308/tar-9505096118

Volume

70

Issue

2

Pages

337-353

Language

en

Sources

openalex crossref

Cite

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