contract renegotiations. I study whether the demand for monitoring determines the renegotiation intensity, defined as either … contract renegotiation trades off the benefits of enhanced monitoring with the costs of suboptimal creditor intervention …

borrower consent clause in a private debt contract increases in the intensity of accompanying creditor control rights in the … contract. This association is more pronounced for larger and less risky borrowers. We also find that loans with a borrower …

We investigate how borrower consent clause (BCC) is used in private debt contracts as a contract design mechanism to … rights, we find that adoption of ARL increases the likelihood of BCC inclusion. Using credit default swap (CDS) trading as a …

lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the …