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Les Clauses Des Contrats De Dette Des Petites Entreprises : Cas Des Entreprises Canadiennes


  • Julien Bilodeau

    (École des sciences de la gestion - UQAM - Université du Québec à Montréal = University of Québec in Montréal)

  • Franck Missonier-Piera

    (emlyon business school)

  • Igor Oliveira dos Santos

    (HEC Montréal - HEC Montréal)


This article investigates factors likely to affect the presence of accounting based covnenants in loan agreements for small firms in a canadian context. Empirical result suggest that the size of the loan, the legal status of the firm and its reputation impact the use of covenants, whether or not they rely on accounting data.

Suggested Citation

  • Julien Bilodeau & Franck Missonier-Piera & Igor Oliveira dos Santos, 2009. "Les Clauses Des Contrats De Dette Des Petites Entreprises : Cas Des Entreprises Canadiennes," Post-Print halshs-00459416, HAL.
  • Handle: RePEc:hal:journl:halshs-00459416
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