
Автор: Anna Fattor
Издательство: LAP Lambert Academic Publishing
Описание:
In the aftermath of the recent financial crisis, the introduction of particular clauses in the debt contracts may represent an useful instrument to enhance their efficiency. Covenants are agreements that give the creditors more guarantees about the reliability of their loan: when they are breached, they allow the lenders to take certain actions, as the early repayment of the loan or the change of the debts terms, in order to protect them against a potential borrowers default. Covenants are therefore useful for creditors protection but they also restrict the business policies of borrowers. These clauses may be included both in public and in private debt. The goal of this work is to provide a theoretical model that analyses the impact of a covenant on both types of debt. In order to guarantee the efficiency of the instrument, there are some necessary conditions to satisfy, otherwise it does not collect the desired result. To define the conditions for the covenant efficiency, we…
Looking stunning as always, Paddy
Preffered equity looks like equity but structured like debt?????? 2;35
fahad khan bz of its some features same as debt like fixed dividend
no voting rights
priority capital in case of wind up
Kick ass explanation
I LIKE IT
great post …
Well lucky for the 1st class loan holders. All the drink carts are going to go rolling towards the front of the plane as it nose dives! Of course the pilots are going to get a little tipsy too!
thank you so much for this video !
super
great job straight to the point!
I never seen so much positive feedback for this guy in all his videos. He does have great teaching skill. Thanks
this was great!!!! I love how youtube can teach me everything !
Excellent explanation.
is there ever a benefit to having a larger leverage ratio? as in more debt, less equity
nice video!
Thank you so much for Great Explanations and so easy to understand it..
@gsnobkb
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This video just confirmed my theory on the dislikes button; 1 is the default number.
Capital structure was once complex, its now simple, thank you.
Great video. After a couple of minutes I got used to British pronunciation and was able to concentrate on information. Will wait for new videos!
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thts a good illustration
The theme Im starting to gather from these videos is that business men always need a drink.
This is really good. I posted your video on my blog site a couple of days ago.
I think that someone just barely above the basic level can watch your video and understand the repayment sequence.
You also do a great job of explaining WHY a company would swap debt for equity and why an investor might be willing, too.
Thank you.
right at start of this video i knew its end ( needing a drink )
Goodness, Paddy taught me in a matter of 6 minutes and 43 seconds what would take perhaps a whole class period to teach this concept.
Oh hes good!
Awesome analogy!
i would advise my teacher to come see how a good wxplination looks like.
All I can see when watching this guy is deniro in taxi driver hahah
Marketplace rocks! Thanks Paddy!
Brilliant!
Awesome videos! Please keep it up!
brilliant explanation
bloody awesome explanation
Very good video !!! Thanks a lot.
But the speech is so fast that I had to watch the video with a speed of 0.75 haha
Good
#theharitfinserv
Its an epic explanation. Really a brilliant piece of information. Especially the last three minutes help me solve my assignment
Thanks Pro if you see my comment
Excellently put
Can the guys who converted their Bonds and Preferred Equity to common equity convert back to their respective asset classes once the company is back on track ? Thanks you.
No they cant
Love how he ends this video with the same sentence! Everybody, needing a drink. Makes finance looks so easy.
amazing explanation. THANK YOU!
wow
I wish my finance professors taught like this guy!
corkskrewclubhouse93 tell me abt it
@corkskrewclubhouse93 my mate Paddy wouldnt have a job then would he!!!!?
that was amaaaazingggg!!! thank you!!! subscribed!!!
Its a shame only a few thousand people have saw this. This is great information
can you speak normal
thanks sir
Nice explanation APM! Keep it up 🙂
Next time guys take the bus..
thank you for such a excellent explanations..
You a great…..thank sir
thanks
The airplane is a great analogy. Again, great explanation!
Im confused that why after conversing some bonds to normal share can reduce the risk?
Companies are often required to make incremental payments to debt holders that have lended them capital to grow their businesses. There is also calling of bonds to consider too, but that is outside of the scope of this example. I hope that helps.
Companies have to pay bond holders (interest payments + principle at maturity). Companies do not have to pay common stock holders.
Excellent
Very, very good explanation. Awesome in fact. Thank you.
these examples u give like the plane tend to stick in my mind longer then the usual lectures they give in classes.
thank u
hey thank you for these videos, they are very usefull!
nice comparison
grt lecture sir..sir is thr is any of ur video on carrot and stick bond or clip and strip bond..
Well explained. Easy to follow. Thanks
Yes but if the plane crashes it will kill the people on the front first 🙂
If it crash lands,they can get off first before any other class.
Very curious whats your stance on crypto currencies?
I know I’m supposed to be concentrating cause I have a test tomorrow but this guy is kinda sexy
Almost all college professors talk to themselves when teaching, that is to say, the value that students seek to educate themselves at colleges have been failed by these professors. They all suffer from a disease called I have done this too long disease and cant possibly relate themselves to the new incoming students from doing it yearly. Professors should be retired and shuffled to keep them fresh. Their gibberish talk is a way for them to keep themselves relevant in an age of irrelevant. There is the internet that can teach better. Thank you sir for showing us that there is a better way.
amazing!! you explain concepts in a way which stick forever.
Thanks a lot! Really clear and helpful
thats good man really get it well now these ur tutorial is a legacy hahaa thanks by the way
hey paddy
does this work like the equity swaps as explained on wiki?
as in does the bond holders behave like the A in the wiki example
thanks !
above all, I understood why there is first class and so on in the airplane.
Thank you thank you thank you. This is one of the best explanation for this, I understand this concept very easily as explained. And the sass is well deserved.
Those three years of economics class made you understand these videos. Watching these videos is a good way to go deeper into the theory.
Things you learn at school are essential, but not always as exciting as these videos from marketplacevideos 😛
Thank u sir . . .
I really like your style and methodology of teaching and also thanks for clearing my doubts about capital structure
Helpful explanation thanks
wow great method of teaching long life dear teacher
1. Im interested in finance/economics
2. Stumbled upon it by looking up other financial videos on youtube
3. easy to understand and short
4. i only use youtube so far
very good example coded nicely explained thanks
You only explained the negative aspects of leverage.
Keep up the good videos. I like this format for learning about something that I know nothing about!
No, Youre wrong there buddy. These videos are more useful than 3 years in economics class.
absolutely ingenious analogy! great!
What about the difference b/w common and preferred share?? Are preference shares part of equity or debt?? Can we include preference shares in equity on balance sheet??
Wonderful videos!! great way to learn about the market.
wowwww such good illustration!!! 6mins seem so short with his explanation, too interesting
What an absolute explanation!
so much sass at the ending
this guy is a genius. late at nite here in manchester (north west england) I enjoy his teachings over a stiff double vodka and red bull with a pint of holsten pils chaser! never fails to enlighten me at times like this! thank you sir!
Thank you this is so helpful
He is simply great…Kudos to a talent like this…
You rock sir….God bless you
I like how he realized his plane looked a little wonky, b/c, honestly, that thing looked like a bisected penis.
Nice
#theharitfinserv
Thank you for the clear and easy-to-understand explanation. Very well done.
Brilliant illustration!!!!!!!!
0.28 when you realize that you have not drawn a plane and try to correct it.
great stuff ! nicely explained
its awsome…. if you have this type of video related with finance plz upload………..
Can you please do something on junk bonds? Im loving your videos!
the air cook