Financial covenants in LBOs before and after the Lehman collapse

Prof. Dr. Dr. Ann-Kris­tin Achleit­ner — Holder of the KfW Endo­wed Chair for Entre­pre­neu­rial Finance/ Center for Entre­pre­neu­rial and Finan­cial Studies (CEFS), TU Munich

Dr. Caro­lin Bock — Rese­arch Asso­ciate Center for Entre­pre­neu­rial and Finan­cial Studies (CEFS), TU Munich

Florian Tapp­ei­ner — Rese­arch Asso­ciate Center for Entre­pre­neu­rial and Finan­cial Studies (CEFS), TU Munich