Rosellón, M.A.

preference shares share preference change ias 32 ratio debt ratio accounting earning dutch gaap debt ratios dutch stock equity impact effect dividend standard accounting standards consequence capital report capital structure manager characteristic netherland hypothesis structure magnitude covenant table accounting changes performance targets debt covenants decision classification research dutch firms bonus plan hypothesis institution option evidence behavior target sample value journal debt covenant hypothesis difference instrument performance voting rights asset reaction result economic paper change behavior company table 3 bank debt specification bonus percentage regulation management /asset hypotheses magnitude effect book value determinant decrease contracting costs series ias 32. liability dividend payments response ias 32 causes contract