These two groups may have interests in a corporation that conflict. Sources of conflict include dividends , distortion of investment, and underinvestment. Protective covenants work to resolve these conflicts.
CONFLICT BETWEEN BONDHOLDERS AND STOCKHOLDERS
Meaning of CONFLICT BETWEEN BONDHOLDERS AND STOCKHOLDERS in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012