SSRN-Control Rights and Capital Structure: an Empirical Investigation by Michael Roberts, Amir Sufi

SSRN-Control Rights and Capital Structure: an Empirical Investigation by Michael Roberts, Amir Sufi:Roberts and Sufi show that "financing decisions of solvent firms are dictated by creditors...."More specifically they show that following a covenant violation, creditors exercise some of their power and limit further debt issuances. (Of course this is not surprising, but still always good to see