I examine the performance of US business development companies (“BDC”). BDCs have
produced returns in line with those of private funds engaged in direct lending. Leveraged …

Less than half of all US households have some form of retirement assets. Advisors who fail
to use alternative investment strategies may not accumulate enough retirement assets for …

The excessive leverage of financial institutions is indicated as being a relevant factor in
explaining the last global financial crisis (Miele and Sales, 2011, p. 293). Effects of the …

The high leverage of financial institutions is seen as a relevant factor to explain the last
global financial crisis. Risk's over-taking by banks has brought great costs to the economies …

This paper studies the impact of covenant violations on firm disinvestment. It finds that firms
increase disinvestment following financial covenant violations in credit agreements, both …