Time Inconsistency and Financial Covenants
Published Online:11 Jan 2023https://doi.org/10.1287/mnsc.2022.4667
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Volume 70, Issue 1
January 2024
Pages 1-670, iii-iv
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- Received:January 09, 2021
- Accepted:May 31, 2022
- Published Online:January 11, 2023
Copyright © 2023, INFORMS
Cite as
Haotian Xiang (2023) Time Inconsistency and Financial Covenants. Management Science 70(1):355-371.
https://doi.org/10.1287/mnsc.2022.4667
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This paper is based on the first chapter of my PhD dissertation at Wharton, and the author thanks advisors Andy Abel, Joao Gomes, Michael Roberts, and especially Urban Jermann for advice. The author thanks the editors and two referees for constructive feedback and conference discussants Nicholas Crouzet, Zhiguo He, Lei Mao, and Alessio Saretto and audiences at various venues for helpful comments. All errors are my own.
