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Keywords: Loan covenants
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Journal Articles
Journal of Small Business and Enterprise Development (2022) 29 (7): 1089–1107.
Published: 03 May 2022
... in a quasi-experiment comparing entrepreneurial firms that violated their debt covenants. The loan officers were asked to evaluate loan materials and decide whether they would enforce loan covenant provisions of renegotiated interest rate and by what magnitude. In the treatment group, the loan officer...
