Covenants and Third-Party Creditors (Record no. 24621)

000 -LEADER
fixed length control field 05576nam a22006375i 4500
001 - CONTROL NUMBER
control field u1420212
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20211226174244.0
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr nn 008mamaa
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 171017s2017 gw | s |||| 0|eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9783319620367
-- 978-3-319-62036-7
024 7# - OTHER STANDARD IDENTIFIER
Standard number or code 10.1007/978-3-319-62036-7
Source of number or code doi
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number K7000-7720.22
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number K7073-7078
072 #7 - SUBJECT CATEGORY CODE
Subject category code LAM
Source bicssc
072 #7 - SUBJECT CATEGORY CODE
Subject category code LAW016000
Source bisacsh
072 #7 - SUBJECT CATEGORY CODE
Subject category code LAW051000
Source bisacsh
072 #7 - SUBJECT CATEGORY CODE
Subject category code LB
Source bicssc
082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 340.2
Edition number 23
082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 340.9
Edition number 23
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Matri, Daniela.
Relator term author.
245 10 - TITLE STATEMENT
Title Covenants and Third-Party Creditors
Medium [electronic resource] :
Remainder of title Empirical and Law & Economics Insights Into a Common Pool Problem /
Statement of responsibility, etc. by Daniela Matri.
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Cham :
Name of producer, publisher, distributor, manufacturer Springer International Publishing :
-- Imprint: Springer,
Date of production, publication, distribution, manufacture, or copyright notice 2017.
300 ## - PHYSICAL DESCRIPTION
Extent XVII, 265 p. 7 illus., 4 illus. in color.
Other physical details online resource.
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term computer
Media type code c
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term online resource
Carrier type code cr
Source rdacarrier
347 ## - DIGITAL FILE CHARACTERISTICS
File type text file
Encoding format PDF
Source rda
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Part I ─ Theoretical Framework and Development of Research Question: 1  Introduction ─ Covenants and Third-party Creditors -- 2 Self-help Devices of Creditor Protection -- 3 Covenants and Bilateral Creditor Protection -- Part II ─ The Systematisation of Third-party Creditor Effects of Covenants: Preliminary Framework: 4 Academic Discussion and the Relevance of Third-party Creditor Protection -- 5 Potential Externalities of the Bilateral Governance System -- 6 The Self-interested Behaviour of Banks and Its Legal Limits -- Part III ─ Empirical Research: Results and Re-evaluation of Preliminary Theory: 7 Design and Methodology -- 8 Results ─ Covenants as a Reciprocal Private Governance Creditor Protection System -- 9 Re-evaluation − Collectivisation of Creditor Protection Through Private Governance -- 10 Consequences for Legal Discussion -- Part IV ─ Summary and Outlook: 11 Summary -- 12 Outlook.
520 ## - SUMMARY, ETC.
Summary, etc This book adds to the debate on the effects of covenants on third-party creditors (externalities), which have recently become a focus of discussion in the contexts of bankruptcy law, corporate law and corporate governance. The general thrust of the debate is that negative effects on third-party creditors predominate because banks act in their own self-interest. After systematising the debated potential positive and negative externalities of covenants, the book empirically examines these externalities: It investigates the banks' factual conduct and its effects on third-party creditors in Germany and the US. The study's most significant outcome is that it disproves the assumption that banks disregard third-party creditors' interests. These findings are then interpreted with the tools of economic analysis; particularly, with the concept of common pool resources (CPRs). Around the aggregated value of the debtor company's asset pool (as CPR) exists an n-person prisoner's dilemma between banks and third-party creditors: No creditor knows when and under what conditions the other creditor will appropriate funds from the debtor company's asset pool. This coordination problem is traditionally addressed by means of bankruptcy law and collaterals. However, the incentive structure that surrounds the bilateral private governance system created by covenants and an event of default clause (a CPR private governance system) is found to also be capable of tackling this problem. Moreover, the interaction between the different regulation spheres - bankruptcy law, collateral and the CPR private governance system − has important implications for both the aforementioned discussions as well as the legal treatment of covenants and event of default clauses. Covenants alone cannot be seen as an alternative to institutional regulation; the complete CPR private governance system and its interaction with institutional regulation must also be taken into consideration. In addition, their function must first find more acceptance and respect in the legal treatment of covenants and event of default clauses: The CPR private governance system fills a gap in the regulation of the tragedy of the commons by bankruptcy law and collateral. This has particularly important implications for the German § 138 BGB, § 826 BGB and ad hoc duties to disclose insider information.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Law.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Business enterprises
General subdivision Finance.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Corporations
General subdivision Finance.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Commercial law.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Private international law.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Conflict of laws.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element International law.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Comparative law.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Trade.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Law and economics.
650 14 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Law.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Private International Law, International & Foreign Law, Comparative Law.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Business Finance.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element International Economic Law, Trade Law.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Law and Economics.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Corporate Finance.
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Commercial Law.
710 2# - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element SpringerLink (Online service)
773 0# - HOST ITEM ENTRY
Title Springer eBooks
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Display text Printed edition:
International Standard Book Number 9783319620350
856 40 - ELECTRONIC LOCATION AND ACCESS
Materials specified e-book
Public note Full-text access
Uniform Resource Identifier <a href="https://ezproxy.mef.edu.tr/login?url=https://dx.doi.org/10.1007/978-3-319-62036-7">https://ezproxy.mef.edu.tr/login?url=https://dx.doi.org/10.1007/978-3-319-62036-7</a>
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type E-Books
596 ## - -
- 5
003 - CONTROL NUMBER IDENTIFIER
control field KOHA
912 ## -
-- ZDB-2-LCR
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
-- LC
-- 1420212-1001
-- NATURE
-- MEF-EBOOK
-- Y
-- Y
-- EBOOK
-- 11/9/2018
-- SATIN
-- ENGLISH
-- KÜTÜPHANE
-- SPR-LAW-CR
Holdings
Not for loan Collection code
  Springer Nature