Building on incomplete contract theory, this project is to investigate bank lending practices by studying the renegotiation of financial covenants using a large sample of private credit agreements.In the research process, you will learn first-hand debt financing knowledge in the financial industry and its consequences in the capital market.
Collecting and analyzing data related to debt financing and financial covenant renegotiation
1. First-hand capital structure and debt financing knowledge
2. Financial covenant renegotiation process and capital market consequences