Effects of an interest coverage ratio covenant on optimal capital structure and firm value
A capital structure model shows that interest coverage ratio covenants can improve firm value by reducing default costs, though they constrain shareholder discretion.
Featured in No. 136 on 23 Oct 2026 · 4 days after release
- Released
- 19 Oct 2026
- First featured
- No. 136 · 23 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:hal:journl:hal-05724500
- Authors
- Michi Nishihara et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).