The incidence of accounting-based covenants in UK public debt contracts: an empirical analysis
Article Abstract:
Accounting-based covenants have the potential to influence the accounting policies of managers and are of great interest to accounting researchers. Of 108 UK public debt contracts analysed during 1987-90, 30% included accounting-based covenants, of which more than half were affirmative. This contrasts with US practices, where most accounting-based covenants are negative. A study of long-term debt agreements and the incidence of accounting-based covenants is presented.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1995
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Accounting reforms in China: cultural constraints on implementation and development
Article Abstract:
China has over recent years been moving towards a new framework for regulating financial reporting which is aligned with the country's emerging socialist market economy. However, recent research indicates that Chinese culture will have a constraining effect on this development. The government will continue to control the development and enforcement of accounting standards, and China will retain a unique accounting and financial reporting system.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1995
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