Purpose: The purpose of this paper is to uncover the importance of several variables centered around partnership in renewable energy (RE) projects. The concept developed earlier is applied to the project environment to identify interrelations between external and internal drivers, project...

In this study, I examine characteristics of both banks and borrowers to determine whether any of these characteristics are associated with banks' decisions to waive violations of debt covenants. Starting with a sample of firms, which violated their bank debt, the study investigates whether the...

This study examines the business environment of Egypt, a nation at the beginning of its transition to a market economy, to determine whether national culture is associated with the use of accounting-based debt covenants in debt agreements. As a country's economy develops, agency problems occur....

We examine the impact of differential incentives arising from proximity to debt covenant violation on earnings management. We reason that firms with loans close to violation or in technical default of their debt covenants have greater incentives to engage in earnings management than firms that...