COLLATERALIZATION AND THE NUMBER OF LENDERS IN PRIVATE DEBT CONTRACTS: AN EMPIRICAL ANALYSIS

Research in Finance

Volumn 21, Issue , 2004, Pages 229-252

  Roberts, Gordon S ^a   Siddiqi, Nadeem A ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33748517196     PISSN: 01963821     EISSN: None     Source Type: Book Series    
DOI: 10.1016/S0196-3821(04)21010-3     Document Type: Review

References (35)

1. Altman, E. I. (1968). Financial ratios. Discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance.
2. Altman, E. I. (1993). Corporate financial distress and bankruptcy: A complete guide to predicting and avoiding distress and profiting from bankruptcy. New York: Wiley.
3. Angbazo A., Mei J., and Saunders A. Credit spreads in the market for highly leveraged transaction loans. Journal of Banking and Finance 22 (1998) 1249-1282
4. Berlin M., and Mester L. Debt covenants and renegotiation. Journal of Financial Intermediation 2 (1992) 95-133
5. Blume M.E., Lim F., and Mackinlay A.C. The declining credit quality of U.S. corporate debt: Myth or reality?. Journal of Finance 53 (1998) 1389-1412
6. Bolton M., and Scharfstein D. Optimal debt structure and the number of creditors. Journal of Political Economy 104 1 (1996) 1-25
7. Boot A.W., and Thakor A.V. Can relationship banking survive. Journal of Finance 55 (2000) 679-713
8. Carey M., Post M., and Sharpe S.A. Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting. Journal of Finance 53 (1998) 3
9. Chemmanur T.J., and Fulghieri P. Reputation, renegotiation and the choice between bank loans and publicly traded debt. Review of Financial Studies 7 (1994) 475-506
10. D'Auria C., Foglia A., and Reedtz P.M. Bank interest rates and credit relationships in Italy. Journal of Banking and Finance 23 (1999) 1067-1093
11. Degryse H., and Ongena S. Bank relationships and firm profitability. Financial Management 30 1 (2001) 9-34
12. Dennis S., Nandy D., and Sharpe I.G. The determinants of contract terms in bank revolving credit agreements. Journal of Financial and Quantitative Analysis 35 (2000) 87-110
13. Detragiache E., Garella P.G., and Guiso L. Multiple versus single banking relationships: Theory and evidence. Journal of Finance 55 (2000) 1133-1161
14. Farinha L., and Santos J.A.C. Switching from single to multiple bank lending relationships: Determinants and implications. Journal of Financial Intermediation 11 (2002) 124-151
15. Gilson, S. C., & Warner, J. B. (2000). Private versus public debt: Evidence from firms that replace bank loans with junk bonds. Working Paper. Harvard Business School.
16. Gorton, G., & Kahn, J. (1993). The design of bank loan contracts, collateral, and renegotiation. Working Paper. National Bureau of Economic Research.
17. Greene, W. H. (1999). Econometric analysis. Upper Saddle River, NJ: Prentice-Hall.
18. Gujarati, D. N. (1995). Basic econometrics. McGraw-Hill.
19. Harhoff, D., & Korting, T. (1998). How many creditors does it take to Tango? Berlin: Wissenschaftszentrum.
20. Houston J., and James C. Bank information monopolies and the mix of private and public debt claims. Journal of Finance 51 (1996) 1863-1890
21. Houston J., and James C. Do relationships have limits? Banking relationships, financial constraints, and investment. Journal of Business 74 (2001) 347-374
22. Hubbard, R. G., Kuttner, K. N., & Palia, D. N. (1999). Are there "bank effects" in borrowers' cost of funds?: Evidence from a matched sample of borrowers and banks. Working Paper. Federal Reserve Bank of New York.
23. John, K., Lynch, A. W., & Puri, M. (2002). Credit ratings, collateral and loan characteristics: Implications for yield. Journal of Business.
24. Johnson S.A. Effect of bank debt on optimal capital structure. Financial Management 27 1 (1998) 47-56
25. Lang L., Ofek E., and Stulz R. Leverage, investment and firm growth. Journal of Financial Economics 40 (1996) 3-29
26. Maddala, G. S. (1983). Limited dependent and qualitative variables in economics. New York, NY: Cambridge University Press.
27. Mallar C.D. The estimation of simultaneous probability models. Econometrica 45 7 (1977) 1717-1722
28. McKelvey R., and Zavoina W. A statistical model for the analysis of ordinal level dependent variables. Journal of Mathematical Sociology 4 (1975) 103-120
29. Petersen M., and Rajan R. The benefits of lending relationships: Evidence from small business data. Journal of Finance 49 (1994) 3-37
30. Pozzolo, A. F. (2002). Secured lending and borrowers' riskiness. Working Paper. Banca d' Italia.
31. Rajan R. Insiders and outsiders: The choice between informed and arm's-length debt. Journal of Finance 47 (1992) 1367-1400
32. Rajan R., and Winton A. Covenants and collateral as incentives to monitor. Journal of Finance 50 (1995) 1113-1146
33. Repullo R., and Suarez J. Monitoring, liquidation, and security design. Review of Financial Studies 11 1 (1998) 163-187
34. Shockley R.L., and Thakor A.V. Bank loan commitment contracts: Data, theory, and tests. Journal of Money, Credit, and Banking 29 4 (1997) 517-534
35. Strahan, P. E. (1999). Borrower risk and the price and nonprice terms of bank loans. Working Paper. Federal Reserve Bank of New York.