How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments

2021 ◽  
Author(s):  
Anna Gelpern ◽  
Sebastian Horn ◽  
Christoph Trebesch
Keyword(s):  
Debt Contracts ◽  
Foreign Governments

Sir William Keith of Delny: courtier, ambassador and agent of noble power

2016 ◽  
Vol 67 (2) ◽  
pp. 138-158
Author(s):  
Miles Kerr-Peterson
Keyword(s):  
Foreign Governments ◽  
The Relationship

Sir William Keith of Delny was the illegitimate son of a Buchan laird, who rose through the young King James VI's chamber to become Master of the Wardrobe. He also served as ambassador for James to various countries, most remarkably in the failed mission to save Mary Queen of Scots from English execution. This article explores the nature of James's reliance on lesser men as courtiers, in his trust in individuals to deliver his sentiments and how his favour could be won, lost and regained. It also explores the same dynamics in the relationship between William and his kinsman superior, George Keith, fourth earl Marischal. William is shown to be one of Jacobean Scotland's great intermediaries, between earl and king, king and courtiers, king and foreign governments.

Leading through Chaos in a Neocolonial Context

2020 ◽  
Vol 43 (1) ◽  
pp. 31-42
Author(s):  
Laura Colket
Keyword(s):  
International Community ◽  
International Agencies ◽  
Personal Stories ◽  
The Creation ◽  
Foreign Governments ◽  
The Government ◽  
Post Disaster

Academic and public discourses often oversimplify the complex historical, social, and discursive forces that have created the current realities in Haiti. These discourses ignore or distort the role that foreign governments and international agencies have played and continue to play in the creation of the Haitian state. They portray the Haitian government as singular and static, corrupt and incapable, and fail to acknowledge changes in leadership and the diversity of individuals who exist within the government. This “single story” about Haiti privileges the international community and overlooks the stories from Haitians who are working to rebuild and reimagine their own country. This article examines the personal stories of Haitians in order to better understand the nature of Haitian leadership in a neocolonial, post-disaster context.

The Relation between Accounting Information in Debt Covenants and Operating Leases

2015 ◽  
Vol 29 (4) ◽  
pp. 969-996 ◽  
Author(s):  
Daniel Gyung H. Paik ◽  
Joyce A. van der Laan Smith ◽  
Brandon Byunghwan Lee ◽  
Sung Wook Yoon
Keyword(s):  
Balance Sheet ◽  
Accounting Information ◽  
Debt Covenants ◽  
Debt Contracts ◽  
Debt Contracting ◽  
Income Statement ◽  
Operating Leases ◽  
The Impact ◽  
Accounting Ratios ◽  
Lease Accounting

SYNOPSIS Proposed changes by the FASB and the IASB to lease accounting standards will substantially change the accounting for operating leases by requiring the capitalization of future lease payments. We consider the impact of these changes on firms' debt covenants by examining the frequency of income-statement- versus balance-sheet-based accounting ratios in debt covenants of firms in high and low Off Balance Sheet (OBS) lease industries. Based on debt contracts from the 1996–2009 period, our results provide evidence that lenders focus on balance sheet (income statement) ratios in designing debt covenants for borrowers in low (high) OBS lease industries. Further, the use of balance-sheet- (income-statement-) based covenants falls (rises) faster in high OBS lease industries than in low OBS lease industries as the use of OBS leasing increases. This evidence indicates that OBS operating leases influence lenders' use of accounting information in covenants, suggesting that creditors consider the impact of OBS leases when structuring debt agreements. These results also suggest that the proposed capitalization of OBS leases may not result in firms violating loan covenants but will make the balance sheet a more complete source of information for debt contracting by removing the need for constructive capitalization of OBS leases.

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