메뉴 건너뛰기




Volumn 57, Issue 3, 2002, Pages 1383-1419

Do banks provide financial slack?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0042671218     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6261.00464     Document Type: Article
Times cited : (220)

References (39)
  • 2
    • 0000631686 scopus 로고
    • Expectations of security type and the information content of debt and equity offers
    • Bayless, Mark, and Susan Chaplinsky, 1991, Expectations of security type and the information content of debt and equity offers, Journal of Financial Intermediation 1, 195-214.
    • (1991) Journal of Financial Intermediation , vol.1 , pp. 195-214
    • Bayless, M.1    Chaplinsky, S.2
  • 3
    • 84977721861 scopus 로고
    • Bond covenants and delegated monitoring
    • Berlin, Mitchell, and Jan Loeys, 1988, Bond covenants and delegated monitoring, Journal of Finance 43, 397-412.
    • (1988) Journal of Finance , vol.43 , pp. 397-412
    • Berlin, M.1    Loeys, J.2
  • 4
    • 84993661346 scopus 로고
    • Alternative information sources and the information content of bank loans
    • Best, Ronald, and Hang Zhang, 1993, Alternative information sources and the information content of bank loans, Journal of Finance 48, 1507-1522.
    • (1993) Journal of Finance , vol.48 , pp. 1507-1522
    • Best, R.1    Zhang, H.2
  • 5
    • 84993869788 scopus 로고
    • The effect of lender identity on a borrowing firm's equity return
    • Billett, Matthew T., Mark J. Flannery, and Jon A. Garfinkel, 1995, The effect of lender identity on a borrowing firm's equity return, Journal of Finance 50, 699-718.
    • (1995) Journal of Finance , vol.50 , pp. 699-718
    • Billett, M.T.1    Flannery, M.J.2    Garfinkel, J.A.3
  • 6
    • 38249029174 scopus 로고
    • An investigation of cost differences between public sales and private placements of debt
    • Blackwell, David W., and David S. Kidwell, 1988, An investigation of cost differences between public sales and private placements of debt, Journal of Financial Economics 22, 253-278.
    • (1988) Journal of Financial Economics , vol.22 , pp. 253-278
    • Blackwell, D.W.1    Kidwell, D.S.2
  • 7
    • 84977354160 scopus 로고
    • Information production, market signalling, and the theory of financial intermediation
    • Campbell, Tim S., and William A. Kracaw, 1980, Information production, market signalling, and the theory of financial intermediation, Journal of Finance 35, 863-882.
    • (1980) Journal of Finance , vol.35 , pp. 863-882
    • Campbell, T.S.1    Kracaw, W.A.2
  • 8
    • 0040844810 scopus 로고    scopus 로고
    • Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting
    • Carey, Mark, Mitch Post, and Steven A. Sharpe, 1998, Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting, Journal of Finance 53, 845-878.
    • (1998) Journal of Finance , vol.53 , pp. 845-878
    • Carey, M.1    Post, M.2    Sharpe, S.A.3
  • 10
    • 21844511403 scopus 로고
    • Reputation, renegotiation, and the choice between bank loans and publicly traded debt
    • Chemmanur, Thomas, and Paolo Fulghieri, 1994, Reputation, renegotiation, and the choice between bank loans and publicly traded debt, Review of Financial Studies 7, 475-506.
    • (1994) Review of Financial Studies , vol.7 , pp. 475-506
    • Chemmanur, T.1    Fulghieri, P.2
  • 11
    • 47749120440 scopus 로고
    • Financial intermediation and delegated monitoring
    • Diamond, Douglas W., 1984, Financial intermediation and delegated monitoring, Review of Economic Studies 51, 393-414.
    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.W.1
  • 12
    • 84935413182 scopus 로고
    • Monitoring and reputation: The choice between bank loans and directly placed debt
    • Diamond, Douglas W., 1991, Monitoring and reputation: The choice between bank loans and directly placed debt, Journal of Political Economy 99, 689-721.
    • (1991) Journal of Political Economy , vol.99 , pp. 689-721
    • Diamond, D.W.1
  • 13
    • 0000298981 scopus 로고
    • Seniority and maturity of debt contracts
    • Diamond, Douglas W., 1993, Seniority and maturity of debt contracts, Journal of Financial Economics 33, 341-368.
    • (1993) Journal of Financial Economics , vol.33 , pp. 341-368
    • Diamond, D.W.1
  • 15
    • 0000755878 scopus 로고
    • Valuation effects of corporate debt offerings
    • Eckbo, B. Espen, 1986, Valuation effects of corporate debt offerings, Journal of Financial Economics 15, 119-151.
    • (1986) Journal of Financial Economics , vol.15 , pp. 119-151
    • Eckbo, B.E.1
  • 16
    • 44949291946 scopus 로고
    • Troubled debt restructurings: An empirical study of private reorganizations of firms in default
    • Gilson, Stuart, Kose John, and Larry Lang, 1990, Troubled debt restructurings: An empirical study of private reorganizations of firms in default, Journal of Financial Economics 27, 315-353.
    • (1990) Journal of Financial Economics , vol.27 , pp. 315-353
    • Gilson, S.1    John, K.2    Lang, L.3
  • 17
    • 0041024619 scopus 로고    scopus 로고
    • Junk bonds, bank debt and financing corporate growth
    • University of Rochester
    • Gilson, Stuart, and Jerold Warner, 1999, Junk bonds, bank debt and financing corporate growth, Working paper, University of Rochester.
    • (1999) Working Paper
    • Gilson, S.1    Warner, J.2
  • 18
    • 0043048302 scopus 로고
    • The choice between public and private debt: An analysis of post-deregulation corporate financing in Japan
    • National Bureau for Economic Research
    • Hoshi, Takeo, Anil Kashyap, and David Sharfstein, 1993, The choice between public and private debt: An analysis of post-deregulation corporate financing in Japan, Working paper #4421, National Bureau for Economic Research.
    • (1993) Working Paper #4421 , vol.4421
    • Hoshi, T.1    Kashyap, A.2    Sharfstein, D.3
  • 19
    • 0011736481 scopus 로고    scopus 로고
    • Bank information monopolies and the mix of private and public debt claims
    • Houston, Joel, and Christopher James, 1996, Bank information monopolies and the mix of private and public debt claims, Journal of Finance 51, 1863-1889.
    • (1996) Journal of Finance , vol.51 , pp. 1863-1889
    • Houston, J.1    James, C.2
  • 20
    • 0040483286 scopus 로고    scopus 로고
    • Do relationships have limits? Banking relationships, financial constraints and investment
    • Houston, Joel, and Christopher James, 2001, Do relationships have limits? Banking relationships, financial constraints and investment, Journal of Business 74, 347-374.
    • (2001) Journal of Business , vol.74 , pp. 347-374
    • Houston, J.1    James, C.2
  • 21
    • 0001131377 scopus 로고
    • Some evidence on the uniqueness of bank loans
    • James, Christopher, 1987, Some evidence on the uniqueness of bank loans, Journal of Financial Economics 19, 217-235.
    • (1987) Journal of Financial Economics , vol.19 , pp. 217-235
    • James, C.1
  • 22
    • 21844498977 scopus 로고
    • When do banks take equity in debt restructurings?
    • James, Christopher, 1995, When do banks take equity in debt restructurings? The Review of Financial Studies 8, 1209-1234.
    • (1995) The Review of Financial Studies , vol.8 , pp. 1209-1234
    • James, C.1
  • 23
    • 0040517705 scopus 로고    scopus 로고
    • Bank debt restructurings and the composition of exchange offers in financial distress
    • James, Christopher, 1996, Bank debt restructurings and the composition of exchange offers in financial distress, Journal of Finance 51, 711-727.
    • (1996) Journal of Finance , vol.51 , pp. 711-727
    • James, C.1
  • 24
    • 0042887757 scopus 로고    scopus 로고
    • Are banks still special? New evidence on their role in the corporate capital raising process
    • James, Christopher, and David C. Smith, 2000, Are banks still special? New evidence on their role in the corporate capital raising process, Journal of Applied Corporate Finance 13, 52-63.
    • (2000) Journal of Applied Corporate Finance , vol.13 , pp. 52-63
    • James, C.1    Smith, D.C.2
  • 25
    • 0030269231 scopus 로고    scopus 로고
    • Timing, investment opportunities, managerial discretion, and the security issue decision
    • Jung, Kooyul, Yong-Cheol Kim, and René M. Stulz, 1996, Timing, investment opportunities, managerial discretion, and the security issue decision, Journal of Financial Economics 42, 159-185.
    • (1996) Journal of Financial Economics , vol.42 , pp. 159-185
    • Jung, K.1    Kim, Y.-C.2    Stulz, R.M.3
  • 26
    • 0004829652 scopus 로고    scopus 로고
    • Banks as liquidity providers: An explanation for the co-existence of lending and deposit-taking
    • National Bureau of Economic Research
    • Kashyap, Anil K., Raghuram Rajan, and Jeremy C. Stein, 1999, Banks as liquidity providers: An explanation for the co-existence of lending and deposit-taking, Working paper, National Bureau of Economic Research.
    • (1999) Working Paper
    • Kashyap, A.K.1    Rajan, R.2    Stein, J.C.3
  • 27
    • 0002100754 scopus 로고
    • Stock price movements in response to stock issues under asymmetric information
    • Krasker, William S., 1986, Stock price movements in response to stock issues under asymmetric information, Journal of Finance 41, 93-105.
    • (1986) Journal of Finance , vol.41 , pp. 93-105
    • Krasker, W.S.1
  • 28
    • 0000927941 scopus 로고    scopus 로고
    • Information asymmetry, monitoring, and the choice between public and privately placed debt
    • Krishnaswami, Sudha, Paul Spindt, and Venkat Subramaniam, 1999, Information asymmetry, monitoring, and the choice between public and privately placed debt, Journal of Financial Economics 51, 407-434.
    • (1999) Journal of Financial Economics , vol.51 , pp. 407-434
    • Krishnaswami, S.1    Spindt, P.2    Subramaniam, V.3
  • 29
    • 0000140435 scopus 로고
    • Information asymmetries, financial structure, and financial intermediation
    • Leland, Hayne, and David Pyle, 1977, Information asymmetries, financial structure, and financial intermediation, Journal of Finance 32, 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 30
    • 84977738336 scopus 로고
    • Equity issues and stock price dynamics
    • Lucas, Deborah J., and Robert L. McDonald, 1990, Equity issues and stock price dynamics, Journal of Finance 45, 1019-1044.
    • (1990) Journal of Finance , vol.45 , pp. 1019-1044
    • Lucas, D.J.1    McDonald, R.L.2
  • 31
    • 45349110429 scopus 로고
    • Further evidence on the bank lending process and the capital market response to bank loan agreements
    • Lummer, Scott L., and John J. McConnell, 1989, Further evidence on the bank lending process and the capital market response to bank loan agreements, Journal of Financial Economics 25, 99-122.
    • (1989) Journal of Financial Economics , vol.25 , pp. 99-122
    • Lummer, S.L.1    McConnell, J.J.2
  • 32
    • 0001864595 scopus 로고
    • Do firms care who provides their financing?
    • R. Glenn Hubbard, ed. University of Chicago Press, Chicago, IL
    • Mackie-Mason, Jeffrey K., 1990, Do firms care who provides their financing? in R. Glenn Hubbard, ed.: Information, Investment, and Capital (University of Chicago Press, Chicago, IL).
    • (1990) Information, Investment, and Capital
    • Mackie-Mason, J.K.1
  • 33
    • 33747078364 scopus 로고
    • Valuation effects of security offerings and the issuance process
    • Mikkelson, Wayne, and M. Megan Partch, 1986, Valuation effects of security offerings and the issuance process, Journal of Financial Economics 15, 31-60.
    • (1986) Journal of Financial Economics , vol.15 , pp. 31-60
    • Mikkelson, W.1    Megan Partch, M.2
  • 34
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, Stewart C., and Nicholas S. Majluf, 1984, Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics 13, 187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.C.1    Majluf, N.S.2
  • 35
    • 84977702514 scopus 로고
    • Insiders and outsiders: The choice between informed and arm's length debt
    • Rajan, Raghuram G., 1992, Insiders and outsiders: The choice between informed and arm's length debt, Journal of Finance 47, 1367-1400.
    • (1992) Journal of Finance , vol.47 , pp. 1367-1400
    • Rajan, R.G.1
  • 36
    • 84993869749 scopus 로고
    • Covenants and collateral as incentives to monitor
    • Rajan, Raghuram, and Andrew Winton, 1995, Covenants and collateral as incentives to monitor, Journal of Finance 50, 1113-1146.
    • (1995) Journal of Finance , vol.50 , pp. 1113-1146
    • Rajan, R.1    Winton, A.2
  • 37
    • 57349098527 scopus 로고
    • Information reliability and a theory of financial intermediation
    • Ramakrishnan, S., and Anjan V. Thakor, 1984, Information reliability and a theory of financial intermediation, Review of Economic Studies 51, 415-432.
    • (1984) Review of Economic Studies , vol.51 , pp. 415-432
    • Ramakrishnan, S.1    Thakor, A.V.2
  • 38
    • 0040238846 scopus 로고    scopus 로고
    • Bank loan commitment contracts: Data, theory, and tests
    • Shockley, Richard L., and Anjan V. Thakor, 1997, Bank loan commitment contracts: Data, theory, and tests, Journal of Money, Credit and Banking 29, 517-534.
    • (1997) Journal of Money, Credit and Banking , vol.29 , pp. 517-534
    • Shockley, R.L.1    Thakor, A.V.2
  • 39
    • 49249143360 scopus 로고
    • On financial contracting: An analysis of bond covenants
    • Smith, Clifford W., Jr., and Jerold Warner, 1979, On financial contracting: An analysis of bond covenants, Journal of Financial Economics 7, 117-161.
    • (1979) Journal of Financial Economics , vol.7 , pp. 117-161
    • Smith, C.W.1    Warner, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.