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Venture Capital Organizations and Entrepreneurial Finance
By: Paul A. Gompers
Paul A. Gompers is examining corporate control and governance issues in
venture capital organizations and entrepreneurial firms in an effort to
understand how their relationships with their investors affect the venture
capitalists' investment decisions. Using... View Details
- Forthcoming
- Article
Weak Credit Covenants
By: Victoria Ivashina and Boris Vallée
Using novel data on 1,240 credit agreements, we investigate sources of contractual complexity in the leveraged loan market. While negative covenants are widespread, carve-out
and deductible clauses that qualify them are as frequent. We propose simple and comprehensive... View Details
Keywords: Leveraged Loans; Loan Contracts; Debt Covenants; Carve-out; Creditor Governance; LBO; Credit; Agreements and Arrangements; Leveraged Buyouts
Ivashina, Victoria, and Boris Vallée. "Weak Credit Covenants." Management Science (forthcoming).
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