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Do Covenants of Bonds Outstanding Affect the Choice of Covenants of New Issues? Evidence from the U.S. Corporate Bonds

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Figure

Table 1. Summary statistics of bond covenants
Table 2. Definitions of control variables
Table 3. Descriptive Statistics (observations = 4204)
Table 4. Relation of existent covenants and covenants in new issues: OLS model
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