The impact of debt covenants violation on monitorting activities

Jayanti Kania, Fitriany Fitriany

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This study aimed to prove that debt covenant violations have impact on firm's monitorting activities. The monitoring activities referred in this study was related to the activities and effectivenesss of the board of commissioners. The samples used in this study were loan agreements owned by non-financial public companies listed on the Indonesia Stock Exchange from 2012 to 2015. This study found evidence that the activities and effectiveness of the audit committee is affected by the debt covenant violations. However, this study also found that the activities and effectiveness of the board of commissioners isn't affected by the debt covenant violations.

Original languageEnglish
Title of host publicationProceedings of the 32nd International Business Information Management Association Conference, IBIMA 2018 - Vision 2020
Subtitle of host publicationSustainable Economic Development and Application of Innovation Management from Regional expansion to Global Growth
EditorsKhalid S. Soliman
PublisherInternational Business Information Management Association, IBIMA
Pages5390-5400
Number of pages11
ISBN (Electronic)9780999855119
Publication statusPublished - 1 Jan 2018
Event32nd International Business Information Management Association Conference, IBIMA 2018 - Seville, Spain
Duration: 15 Nov 201816 Nov 2018

Publication series

NameProceedings of the 32nd International Business Information Management Association Conference, IBIMA 2018 - Vision 2020: Sustainable Economic Development and Application of Innovation Management from Regional expansion to Global Growth

Conference

Conference32nd International Business Information Management Association Conference, IBIMA 2018
CountrySpain
CitySeville
Period15/11/1816/11/18

Keywords

  • Audit committee
  • Board of commissioner
  • Violation of debt covenant

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