Bond covenants, bond issue size, and credit default spered premiums

Jiang Du, University of Rhode Island

Abstract

The dissertation contains two essays. It discusses the role of bond covenants in modern capital markets and how the covenants impact corporate financial activities. Bond covenants are a potential mechanism to mitigate the agency problems between bondholders and bond issuers. Consequently, the design of bond covenants has extensive influence on firms’ financial activities.^

Subject Area

Economics, Finance

Recommended Citation

Jiang Du, "Bond covenants, bond issue size, and credit default spered premiums" (2015). Dissertations and Master's Theses (Campus Access). Paper AAI3703190.
http://digitalcommons.uri.edu/dissertations/AAI3703190

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