traditional investment self-financing, while no clear statistical evidence is found in the R&D case. Credit rationing is not …

traditional investment self-financing, while no clear statistical evidence is found in the R&D case. Credit rationing is not …

We apply control rights theory to explain the structure and determinants of financial covenants in private equity … results show that financial covenant restrictiveness is significantly negatively related to the size of the private equity …

During 2008 and 2009 Australian listed entities raised large amounts of equity capital as the global financial crisis …, seeking additional equity to replace debt as lenders, unwilling to roll-over debt on pre-crisis terms, sharply curtailed the … amount they were willing to lend. Adding to the need for equity raisings were the broader economic impacts of the crisis …

We examine how private placements of equity (PPEs) affect debtholder wealth. We find that banks charge higher loan …