Contractual complexity in debt agreements: The case of ebitda
AB Badawi, S Dyreng, E de Fontenay… - Duke Law School Public …, 2022 - papers.ssrn.com
We document significant variation across syndicated loans in the number of accounting
addbacks in the contractual definition of EBITDA. We show addbacks are increasing over …
addbacks in the contractual definition of EBITDA. We show addbacks are increasing over …
Bank Specialization, Control Rights, and Real Effects
We study the role of lenders' ability to collect and process information in financial
contracting. Using a large sample of corporate loans, we analyze how banks' industry …
contracting. Using a large sample of corporate loans, we analyze how banks' industry …
The Benefits of Article 11 Pro Forma Disclosure
M Kubic - Available at SSRN 4958148, 2024 - papers.ssrn.com
Abstract The US Securities and Exchange Commission (SEC) mandates disclosure of Article
11 pro forma financial statements (pro formas) for acquisitions that exceed one of three …
11 pro forma financial statements (pro formas) for acquisitions that exceed one of three …
[PDF][PDF] CovenantAI-New Insights into Covenant Violations
This paper introduces CovenantAI, a novel artificial intelligence (AI)-powered tool that tracks
SEC-reported covenant violations with improved accuracy over existing textsearch methods …
SEC-reported covenant violations with improved accuracy over existing textsearch methods …
CovenantAI-New Insights into Covenant Violations
V Krockenberger, A Saunders, S Steffen… - Available at SSRN …, 2024 - papers.ssrn.com
This paper introduces CovenantAI, a novel artificial intelligence (AI)-powered tool that tracks
SEC-reported covenant violations with improved accuracy over existing text-search …
SEC-reported covenant violations with improved accuracy over existing text-search …
Bank relationship and contractual flexibility: Evidence from covenant enforcement
YK Gam, C Liu - Contemporary Accounting Research, 2024 - Wiley Online Library
This paper investigates how banks utilize soft information to provide contractual flexibility in
loan covenant enforcement. We find that relationship lenders are significantly less likely than …
loan covenant enforcement. We find that relationship lenders are significantly less likely than …
Cost Structure and the Usefulness of Earnings
B Cadman, E Ferracuti - Management Science, 2024 - pubsonline.informs.org
We investigate the relation between the usefulness of earnings and firm cost structure. We
document that the usefulness of earnings to external users decreases in the degree of …
document that the usefulness of earnings to external users decreases in the degree of …