Board monitoring and covenant restrictiveness in private debt contracts during the global financial crisis

QR Code

Board monitoring and covenant restrictiveness in private debt contracts during the global financial crisis

We examine the association between board independence and restrictiveness of covenants in U.S. private debt contracts around the global financial crisis (GFC). We show that board independence is associated with less restrictive covenants suggesting lenders willingness to delegate some monitoring of...

Full description

Bibliographic Details
Main Authors:	Abu Bakar, Intan Suryani, Khan, Arifur, Mather, Paul R., Tanewski, George A.
Format:	Article
Language:	English English English
Published:	Blackwell Publishing 2020
Subjects:	HJ Public Finance HJ8003 Public credit. Debts. Loans. Claims
Online Access:	http://irep.iium.edu.my/81638/ http://irep.iium.edu.my/81638/19/81638_Board%20monitoring%20and%20covenant%20restrictiveness%20in%20private_new.pdf http://irep.iium.edu.my/81638/2/81638_Board%20monitoring%20and%20covenant%20restrictiveness_SCOPUS.pdf http://irep.iium.edu.my/81638/3/81638_Board%20monitoring%20and%20covenant%20restrictiveness_WOS.pdf

Similar Items

Kepentingan integrasi zakat dan kewangan mikro Islam terhadap keusahawanan sosial
by: Hamdan, Hamdino, et al.
Published: (2014)

Islamic pawnbroking (Ar-Rahnu) as a micro credit instrument in Malaysia
by: Ghazali, Khalilah, et al.
Published: (2011)

بيع الدين وأثره في الأسواق المالية (Bay' al-dayn wa-atharuhu fi al-aswaq al-maliyah)
by: Soualhi, Younes, et al.
Published: (2011)

The effect of banks' debt creation on price stability: evidence from Middle East and North Africa
by: Sayid Hassan Musse; Hassanuddeen Abdul Aziz;, Osman, et al.
Published: (2014)

Corporate Governance and Covenants Restrictiveness in Private Debt Contract
by: Abu Bakar, Intan Suryani, et al.
Published: (2012)

The impact of corporate governance on the restrictiveness of covenants in private debt contract
by: Abu Bakar, Intan Suryani, et al.
Published: (2012)

The determinants of foreign direct investment in Central Asian region: A case study of Tajikistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan (A quantitative analysis using GMM)
by: Ashurov, Sharofiddin, et al.
Published: (2020)

Pelaksanaan Al-Qarḍ Al-Ḥasan Dalam Agihan Zakat Terhadap Asnaf al-Ghārimīn di Institusi-Institusi Zakat di Malaysia
by: Ismail, Halim, et al.
Published: (2018)

Classification of defaulters in the payment of debt in Islamic banking practices
by: Hasan, Aznan, et al.
Published: (2017)

Forex trading dan mencari keberkatan Ramadan
by: Abdul Rahman, Zaharuddin
Published: (2011)

The legal and beneficial ownership conundrum in sovereign sukuk structuring
by: Oseni, Umar Aimhanosi
Published: (2015)

Regulating the governing law clauses in sukuk transactions
by: Oseni, Umar Aimhanosi, et al.
Published: (2015)

إعادة الجدولة وإعادة الهيكلة للديون دراسة تحليلية شرعية = Rescheduling and restructuring of debt Shariah and analytical study
by: Muhamd Ruhni, Nur Nabilah, et al.
Published: (2020)

Sectoral impact of bank loans and labor: Lessons from Malaysia’s post-crisis years
by: Mohammed, Nurashikin, et al.
Published: (2018)

Regulatory framework for Member-owned Islamic Microfinance Institutions (MIMIS) In Sub-Saharan Africa (SSA)
by: Owolabi Yusuf, Muhammad-Bashir, et al.
Published: (2016)

Comparing the internet to others sources of information for acquiring knowledge on Takaful among Prudential BSN takaful agents
by: Che Mohd Salleh, Marhanum, et al.
Published: (2011)

Incomplete contract in private finance initiative (PFI)contracts: causes, implications and strategies
by: Mansor, Nur Syaimasyaza, et al.
Published: (2015)

Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
by: Alnaggar, Ahmed Mohamed Hassan, et al.
Published: (2019)

Determinants of external debt in Malaysia / Zahiratul Nazura Abdul Kadir
by: Abdul Kadir, Zahiratul Nazura
Published: (2017)

The determinants of household debts in Asian countries/ Muhammad Amirul Syafiq Asri
by: Asri, Muhammad Amirul Syafiq
Published: (2018)

Determinants of public debt in Malaysia/ Fatin Nur Syaffira Abdul Razak
by: Abdul Razak, Fatin Nur Syaffira
Published: (2018)

The relationship of macroeconomic indicators on external debt in Malaysia / Nur Nazeiha Mohd Nor
by: Mohd Nor, Nur Nazeiha
Published: (2018)

Analyzing the factors affecting level of debt for selected construction companies in Malaysia / Zahariah Sahudin, Anidah Aziz and Faridah Pardi
by: Sahudin, Zahariah, et al.
Published: (2009)

Rising household debt in Malaysia: macroeconomics determinant / Alyaa Amanina Azhar
by: Azhar, Alyaa Amanina Azhar
Published: (2017)

Assessing the prospect of a common PPP framework for ASEAN
by: Abdul Rashid, Khairuddin
Published: (2015)

The association between household debt and marriage satisfaction in the context of urban household in Klang Valley, Malaysia / Yunchao Cai … [et al.]
by: Cai, Yunchao, et al.
Published: (2020)

Predicting debt burden status among Malaysia civil servants / Mohamad Fazli Sabri ... [et al.]
by: Sabri, Mohamad Fazli, et al.
Published: (2019)

Determinants of government debt in Malaysia / Siti Nurjihan Musa
by: Musa, Siti Nurjihan
Published: (2020)

Debt procedure in Islamic perspective and practice research among students in College Angsana / Mohamad Sadiq Umair Nahar.
by: Nahar, Mohamad Sadiq Umair
Published: (2019)

Determinants of household debt in Malaysia from the year 2010 to 2017 / Zahariah Mohd Zain, Nurul Ainun Ahmad Atory and Sarah Amirah
by: Mohd Zain, Zahariah, et al.
Published: (2019)

A study on factors affecting bankruptcy: the case of Malaysia
by: Mohd Noh, Siti Halijah
Published: (2014)

Determinants of financial distress: evidence from listed GN3 companies in Bursa Malaysia / Wan Nur Awatif Wan Zulkifikri
by: Wan Zulkifikri, Wan Nur Awatif
Published: (2017)

Determining selected factors of personal bankruptcy in Malaysia / Wan Hafawati Nadhirah Wan Salleh
by: Wan Salleh, Wan Hafawati Nadhirah
Published: (2017)

Determinants of household indebtness: in the study of Australia / Nurnasuha Ziadee
by: Ziadee, Nurnasuha
Published: (2018)

Determinants of non-performing loan in Malaysia Banks / Nur Aishah Zuraimi
by: Zuraimi, Nur Aishah
Published: (2018)

Causes of financial distress: The case of syariah compliant companies / Marliyana Mohtar
by: Mohtar, Marliyana
Published: (2007)

Determinants of SME's depositors retention in Maybank / Nor Samsinah Yahaya, Nadhirah Aiman Ahmad Nordin and Amiza Lina Nawari
by: Yahaya, Nor Samsinah, et al.
Published: (2018)

Factors influencing household debt in Malaysia / Nur Natasha Liyana Ramli
by: Ramli, Nur Natasha Liyana
Published: (2019)

Corporate boards and performance pricing in private debt contracts
by: Abu Bakar, Intan Suryani, et al.
Published: (2018)

Factors that contribute to the default of education loan repayment at Tabung Amanah Pendidikan Negeri Melaka / Siti Nur Hazirah Abdul Fattah
by: Abdul Fattah, Siti Nur Hazirah
Published: (2010)