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Article: Debt, collateral, and renegotiation under moral hazard

TitleDebt, collateral, and renegotiation under moral hazard
Authors
Issue Date1992
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet
Citation
Economics Letters, 1992, v. 40 n. 4, p. 465-471 How to Cite?
AbstractThis paper demonstrates that renegotiation will increase initial collateral requirements in debt contracts under moral hazard. Hence, it confirms Smith and Warner's conjecture that severity of contractual covenants and ease of renegotiating debt contracts are positively related, in case where the covenant provision is collateral. © 1993.
Persistent Identifierhttp://hdl.handle.net/10722/177757
ISSN
2015 Impact Factor: 0.603
2015 SCImago Journal Rankings: 0.612
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorWong, KPen_US
dc.date.accessioned2012-12-19T09:39:49Z-
dc.date.available2012-12-19T09:39:49Z-
dc.date.issued1992en_US
dc.identifier.citationEconomics Letters, 1992, v. 40 n. 4, p. 465-471en_US
dc.identifier.issn0165-1765en_US
dc.identifier.urihttp://hdl.handle.net/10722/177757-
dc.description.abstractThis paper demonstrates that renegotiation will increase initial collateral requirements in debt contracts under moral hazard. Hence, it confirms Smith and Warner's conjecture that severity of contractual covenants and ease of renegotiating debt contracts are positively related, in case where the covenant provision is collateral. © 1993.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecoleten_US
dc.relation.ispartofEconomics Lettersen_US
dc.titleDebt, collateral, and renegotiation under moral hazarden_US
dc.typeArticleen_US
dc.identifier.emailWong, KP: kpwongc@hkucc.hku.hken_US
dc.identifier.authorityWong, KP=rp01112en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/0165-1765(92)90145-O-
dc.identifier.scopuseid_2-s2.0-44049112387en_US
dc.identifier.volume40en_US
dc.identifier.issue4en_US
dc.identifier.spage465en_US
dc.identifier.epage471en_US
dc.identifier.isiWOS:A1992LE70600016-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridWong, KP=7404759417en_US

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