Scholars have cataloged rigidities in contract design. Some have observed that boilerplate provisions are remarkably …

use of default clauses and their restrictiveness within the same type of lending contract but also across loans and bonds …

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 …

renegotiate suggests that tailoring precise ex ante contract restrictions is not of paramount importance because a bank and a … debtor can negotiate around those restrictions based on ex post contract conditions. Bondholders, in contrast, face … passive investors who face substantial collective action problems. As a consequence, ex ante restrictive terms in the contract …

effect of renegotiation costs on initial contract terms. TD9599 materially reduced the tax burden of renegotiating U … setting, we examine the implications of incomplete contracting theory for debt contract design. Consistent with incomplete …