The Position of Income Bonds, as Illustrated by those of the Central of Georgia Railway

Dewing, Arthur S.

doi:10.2307/1884956

Cited by 4 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Tufano (1997) reports the impact of widespread financial distress in US railway companies, a financial crisis given the importance of that economic sector at that time, on debt contracting. He cites a range of sources who noted that these railway reorganisations led to the emergence of new covenants in securities contracts (see Dewing 1911;Draper 1930;Rodgers 1965;Stetson 1917). These changes in contracting practices arose from inter-related private innovatory action by banks which changed the design of security contracts, and legal change instigated by courts, an illustration of an innovation spiral (see Miller 1986).…”

Section: Innovation In Debt Covenantsmentioning

confidence: 99%

Accounting and Regulation

Pietra¹,

McLeay²,

Ronen³

2014

View full text Add to dashboard Cite

Section: Innovation In Debt Covenantsmentioning

confidence: 99%

Accounting and Regulation

Pietra¹,

McLeay²,

Ronen³

2014

View full text Add to dashboard Cite

The Role of Debt Contracts and Debt Covenants in Corporate Governance: Reflections on Evolution and Innovation

Day

Taylor

2014

Accounting and Regulation

View full text Add to dashboard Cite

Outlined below are some underlying ideas pursued in our Corporate Collapse: Accounting, regulatory and ethical failure, which first appeared in 1997, revised in 2003, followed by a Chinese translation in 2006. Primarily case-based, it examined material over many decades in several countries, but mainly concentrated on Australian causes célèbres. Also detailed is our later book Indecent Disclosure: Gilding the corporate lily, published in 2007-it is theme based, reviewing similar material, but post-2000. Very little had changed during the 10 years interregnum, despite regulators' and governments' promises of rigorous corporate reforms. Both books were set against a background of repeated official inquiries into discrepancies between what corporations had disclosed about their trading affairs and their actual financial outcomes. The matters in focus have been concerns over many decades. They continue to be, as regulatory reforms have been piecemeal and ill-directed. The recent global financial crisis (GFC) revealed behavior suggesting that it is more likely the 'truth' that under the present regulatory regimes many corporations habitually 'gild the lily'.

show abstract

Measurement distortion and missing contingencies in optimal contracts

Allen

Gale

1992

Econ Theory

View full text Add to dashboard Cite

The Position of Income Bonds, as Illustrated by those of the Central of Georgia Railway

Cited by 4 publications

References 0 publications

Accounting and Regulation

Accounting and Regulation

The Role of Debt Contracts and Debt Covenants in Corporate Governance: Reflections on Evolution and Innovation

Measurement distortion and missing contingencies in optimal contracts

Contact Info

Product

Resources

About