کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7356044 1478179 2017 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Discussion of “Borrower private information covenants and loan contract monitoring”
ترجمه فارسی عنوان
بحث در مورد مصارف اطلاعات خصوصی و وام قرارداد وام و پرداخت وام
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی
Carrizosa and Ryan (2017) explore the use of private information covenants, which contractually oblige borrowers to disclose projected and intra-quarter financial statements. The authors provide evidence that creditors acquire private information about borrowers via these covenants. This facilitates the monitoring process, subject to a cost-benefit tradeoff. I discuss how the study fits into the literature and contend that the costs associated with information covenants are less clear and have yet to be established. I discuss complementary information mechanisms and raise several research design issues. I also argue that the study sheds light on an open question in the disclosure literature.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 64, Issues 2–3, November 2017, Pages 340-345
نویسندگان
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