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Financial reporting and entrepreneurial finance : evidence from equity crowdfunding

Donovan, John - In: Management science : journal of the Institute for … 67 (2021) 11, pp. 7214-7237

Persistent link: https://www.econbiz.de/10012703815

Accounting standards and debt covenants : has the "balance sheet approach" led to a decline in the use of balance sheet covenants?

Demerjian, Peter R. - In: Journal of accounting & economics 52 (2011) 2/3, pp. 178-202

Persistent link: https://www.econbiz.de/10009406384

Discussion of "Accounting standards and debt covenants : has the "balance sheet approach" led to a decline in the use of balance sheet covenants?"

Skinner, Douglas J. - In: Journal of accounting & economics 52 (2011) 2/3, pp. 203-208

Persistent link: https://www.econbiz.de/10009406381

Accounting Standards and Debt Covenants : Has the ‘Balance Sheet Approach’ Led to a Decline in the Use of Balance Sheet Covenants?

Demerjian, Peter R. - 2011

Recent years have seen a sharp decline in the use of balance sheet-based covenants in private debt contracts. I hypothesize that changes in accounting standards can explain part of this decline. Standard setting has shifted towards a “balance sheet approach”, which I predict has made the...

Persistent link: https://www.econbiz.de/10013122226