Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants

By Nellie Liang, Antonio Falato. 2014

149 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/949da7a5934d39959037ad9713df21ec66efe2e2

Citations in the corpus

• Monetary Policy, Financial Conditions, and Financial Stability (2014, unknown): “For businesses, those that are more leveraged are forced to make larger cuts in investment and employment upon default or loan covenant violations (Opler and Titman 1994; Chava and Roberts 2008; Falato and Liang 2016).”