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The Resolution of Technical Default.

Messod D. Beneish1; Eric Press2

1 Indiana University · 2 Temple University

The Accounting Review 1995 open access

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 (2)
Pages
337-353
Language
en
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Sources
crossref openalex