We review the recent theoretical and empirical literature on debt covenants with a particular
focus on how creditor governance after covenant violations can influence the borrower's …

In this paper, we examine the effect of credit defaults swaps (CDS) initiation on reference
firms' cost management strategies. CDS contracts provide insurance protection for creditors …

This paper examines how strengthened creditor protection affects the real economy in view
of labor investment efficiency. Exploiting the implementation of the enterprise bankruptcy law …

As one of the most important financial innovations in the last two decades, credit default
swap (CDS) contracts have been initiated and actively traded in the market to hedge against …

This study finds that credit default swap (CDS) trading positively affects a firm's
environmental, social, and governance (ESG) performance. This effect is more prominent in …

We study the determinants and the informational role of firms' fixed income conference calls,
a unique form of voluntary disclosure that deviates from the traditional multi-purpose firm …

This study examines whether the availability of traded credit default swaps (CDS) influences
the referenced firms' incentive to smooth their performance. We show that with the …

This paper examines whether the inception of credit default swaps (CDS) trading curbs
corporate employment. We show that firms with CDS trading have significantly lower …

We investigate how credit default swaps (CDSs) affect lenders' incentives to initiate new
lending relationships. We predict that CDSs reduce adverse selection that nonrelationship …

This study investigates the effectiveness of technology models in credit risk scoring
modeling in emerging markets. the study proposes evaluation methods for credit risk scoring …