메뉴 건너뛰기




Volumn 39, Issue 2, 2004, Pages 231-253

The pricing of sequential bank loans

Author keywords

G21 C79 D82 G12; Loan pricing; Monitoring; Relationship lending; Sequential loans

Indexed keywords


EID: 33845444107     PISSN: 07328516     EISSN: 15406288     Source Type: Journal    
DOI: 10.1111/j.0732-8516.2004.00074.x     Document Type: Article
Times cited : (9)

References (40)
  • 1
    • 84857268750 scopus 로고    scopus 로고
    • Borrowing relationships, monitoring and the influence on loan rates
    • Athavale, M., and R.O. Edmister., 1999. Borrowing relationships, monitoring and the influence on loan rates, Journal of Financial Research 22, 341-352.
    • (1999) Journal of Financial Research , vol.22 , pp. 341-352
    • Athavale, M.1    Edmister, R.O.2
  • 3
    • 0038127300 scopus 로고
    • Relationship lending and lines of credit in small firm finance
    • Berger, A.N., and G.F. Udell., 1995. Relationship lending and lines of credit in small firm finance, Journal of Business 68, 351-381.
    • (1995) Journal of Business , vol.68 , pp. 351-381
    • Berger, A.N.1    Udell, G.F.2
  • 4
    • 0001202725 scopus 로고    scopus 로고
    • The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle
    • Berger, A.N., and G.F. Udell., 1998. The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle, Journal of Banking and Finance 22, 613-673.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 613-673
    • Berger, A.N.1    Udell, G.F.2
  • 5
    • 0000102496 scopus 로고    scopus 로고
    • Banking relationships and the effect of monitoring on loan prices
    • Blackwell, D.W., and D.B. Winters., 1997. Banking relationships and the effect of monitoring on loan prices, Journal of Financial Research 20, 275-289.
    • (1997) Journal of Financial Research , vol.20 , pp. 275-289
    • Blackwell, D.W.1    Winters, D.B.2
  • 7
    • 21444444859 scopus 로고
    • Moral hazard and secured lending in an infinitely repeated credit market game
    • Boot, A.W.A., and A.V. Thakor., 1994. Moral hazard and secured lending in an infinitely repeated credit market game, International Economic Review 35, 899-920.
    • (1994) International Economic Review , vol.35 , pp. 899-920
    • Boot, A.W.A.1    Thakor, A.V.2
  • 8
    • 0039012108 scopus 로고    scopus 로고
    • Can relationship banking survive competition?
    • Boot, A.W.A., and A.V. Thakor., 2000. Can relationship banking survive competition? Journal of Finance 55, 679-713.
    • (2000) Journal of Finance , vol.55 , pp. 679-713
    • Boot, A.W.A.1    Thakor, A.V.2
  • 9
    • 84977354160 scopus 로고
    • Information production, market signaling and the theory of intermediation
    • Campbell, T., and W. Kracaw., 1980. Information production, market signaling and the theory of intermediation, Journal of Finance 35, 863-882.
    • (1980) Journal of Finance , vol.35 , pp. 863-882
    • Campbell, T.1    Kracaw, W.2
  • 10
    • 0002881625 scopus 로고    scopus 로고
    • The importance of relationships to the availability of credit
    • Cole, R.A., 1998. The importance of relationships to the availability of credit, Journal of Banking and Finance 22, 959-977.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 959-977
    • Cole, R.A.1
  • 12
    • 0002812128 scopus 로고    scopus 로고
    • Relationship lending within a bank-based system: Evidence from European small business data
    • Degryse, H., and P. Van Cayseele., 2000. Relationship lending within a bank-based system: Evidence from European small business data, Journal of Financial Intermediation 9, 90-109.
    • (2000) Journal of Financial Intermediation , vol.9 , pp. 90-109
    • Degryse, H.1    Van Cayseele, P.2
  • 13
    • 0038831326 scopus 로고    scopus 로고
    • Multiple versus single banking relationships: Theory and evidence
    • Detragiache, E., P. Garella., and L. Guioso., 2000. Multiple versus single banking relationships: Theory and evidence, Journal of Finance 55, 1133-1161.
    • (2000) Journal of Finance , vol.55 , pp. 1133-1161
    • Detragiache, E.1    Garella, P.2    Guioso, L.3
  • 14
    • 47749120440 scopus 로고
    • Financial intermediation and delegated monitoring
    • Diamond, D.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
  • 15
    • 84917319886 scopus 로고
    • Reputation acquisition in debt markets
    • Diamond, D.W., 1989. Reputation acquisition in debt markets, Journal of Political Economy 97, 828-862.
    • (1989) Journal of Political Economy , vol.97 , pp. 828-862
    • Diamond, D.W.1
  • 16
    • 84935413182 scopus 로고
    • Monitoring and reputation: The choice between bank loans and directly placed debt
    • Diamond, D.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
  • 17
    • 0036226570 scopus 로고    scopus 로고
    • Switching from single to multiple bank lending relationships: Determinants and implications
    • Farinha, L.A., and J.A.C. Santos., 2002. Switching from single to multiple bank lending relationships: Determinants and implications, Journal of Financial Intermediation 11, 124-151.
    • (2002) Journal of Financial Intermediation , vol.11 , pp. 124-151
    • Farinha, L.A.1    Santos, J.A.C.2
  • 19
    • 0000923818 scopus 로고    scopus 로고
    • Lending relationships in Germany-Empirical evidence from survey data
    • Harhoff, D., and T. Körting., 1998. Lending relationships in Germany-Empirical evidence from survey data, Journal of Banking and Finance 22, 1317-1353.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 1317-1353
    • Harhoff, D.1    Körting, T.2
  • 20
    • 0002567306 scopus 로고
    • Financial intermediation: Delegated monitoring and long-term relationships
    • Haubrich, J.G., 1989. Financial intermediation: Delegated monitoring and long-term relationships, Journal of Banking and Finance 13, 9-20.
    • (1989) Journal of Banking and Finance , vol.13 , pp. 9-20
    • Haubrich, J.G.1
  • 21
    • 0345656107 scopus 로고
    • Bank lending relationships and the complex nature of bank-corporate relations
    • Holland, J., 1994. Bank lending relationships and the complex nature of bank-corporate relations, Journal of Business Finance and Accounting 21, 367-393.
    • (1994) Journal of Business Finance and Accounting , vol.21 , pp. 367-393
    • Holland, J.1
  • 22
    • 0040483286 scopus 로고    scopus 로고
    • Do relationships have limits? Banking relationships, financial constraints and investment
    • Houston, J.F., and C. 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.F.1    James, C.2
  • 23
    • 0001131377 scopus 로고
    • Some evidence on the uniqueness of bank loans
    • James, C., 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
  • 24
    • 38249017555 scopus 로고
    • Borrowing relationships, intermediation, and the cost issuing public securities
    • James, C., and P. Wier., 1990. Borrowing relationships, intermediation, and the cost issuing public securities, Journal of Financial Economics 28, 149-171.
    • (1990) Journal of Financial Economics , vol.28 , pp. 149-171
    • James, C.1    Wier, P.2
  • 25
    • 84963001848 scopus 로고
    • Bank portfolio allocation, deposit variability, and the availability doctrine
    • Kane, E.J., and B.G. Malkiel., 1965. Bank portfolio allocation, deposit variability, and the availability doctrine, Quarterly Journal of Economics 79, 113-134.
    • (1965) Quarterly Journal of Economics , vol.79 , pp. 113-134
    • Kane, E.J.1    Malkiel, B.G.2
  • 26
    • 0000140435 scopus 로고
    • Information asymmetries, financial structure, and financial intermediaries
    • Leland, H., and D. Pyle., 1977. Information asymmetries, financial structure, and financial intermediaries, Journal of Finance 32, 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 27
    • 45349110429 scopus 로고
    • Further evidence on the bank lending process and the capital-market response to bank loan agreements
    • Lummer, S.L., and 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.2
  • 28
    • 0002898789 scopus 로고    scopus 로고
    • What determines the number of bank relationships? Cross-country evidence
    • Ongena, S., and D.C. Smith., 2000. What determines the number of bank relationships? Cross-country evidence, Journal of Financial Intermediation 9, 57-89.
    • (2000) Journal of Financial Intermediation , vol.9 , pp. 57-89
    • Ongena, S.1    Smith, D.C.2
  • 30
    • 84993914974 scopus 로고
    • The benefits of lending relationships: Evidence from small business data
    • Petersen, M.A., and R.G. Rajan., 1994. The benefits of lending relationships: Evidence from small business data, The Journal of Finance 49, 3-38.
    • (1994) The Journal of Finance , vol.49 , pp. 3-38
    • Petersen, M.A.1    Rajan, R.G.2
  • 31
    • 84862244566 scopus 로고
    • The effect of credit market competition on lending relationships
    • Petersen, M.A., and R.G. Rajan., 1995. The effect of credit market competition on lending relationships, Quarterly Journal of Economics 110, 407-443.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 407-443
    • Petersen, M.A.1    Rajan, R.G.2
  • 32
    • 0030119351 scopus 로고    scopus 로고
    • Monitoring, loan renegotiation, and firm value: The role of lending syndicates
    • Preece, D., and D. Mullineaux., 1996. Monitoring, loan renegotiation, and firm value: The role of lending syndicates, Journal of Banking and Finance 20, 577-594.
    • (1996) Journal of Banking and Finance , vol.20 , pp. 577-594
    • Preece, D.1    Mullineaux, D.2
  • 33
    • 84977702514 scopus 로고
    • Insiders and outsiders: The choice between informed and arm’s length debt
    • Rajan, R.G., 1992. Insiders and outsiders: The choice between informed and arm’s length debt, The Journal of Finance 47, 1367-1400.
    • (1992) The Journal of Finance , vol.47 , pp. 1367-1400
    • Rajan, R.G.1
  • 34
    • 84977733424 scopus 로고
    • Asymmetric information, bank lending, and implicit contracts: A stylized model of customer relationships
    • Sharpe, S.A., 1990. Asymmetric information, bank lending, and implicit contracts: A stylized model of customer relationships, The Journal of Finance 45, 1069-1087.
    • (1990) The Journal of Finance , vol.45 , pp. 1069-1087
    • Sharpe, S.A.1
  • 35
  • 36
    • 58149367744 scopus 로고
    • A note on the evidence on alternate models of the banking firm
    • Slovin, M.B., and M.E. Sushka., 1984. A note on the evidence on alternate models of the banking firm, Journal of Banking and Finance 8, 99-108.
    • (1984) Journal of Banking and Finance , vol.8 , pp. 99-108
    • Slovin, M.B.1    Sushka, M.E.2
  • 37
    • 84993907263 scopus 로고
    • The value of bank durability: Borrowers as bank stakeholders
    • Slovin, M.B., M.E. Sushka., and J. Polonchek., 1993. The value of bank durability: Borrowers as bank stakeholders, Journal of Finance 48, 247-266.
    • (1993) Journal of Finance , vol.48 , pp. 247-266
    • Slovin, M.B.1    Sushka, M.E.2    Polonchek, J.3
  • 38
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • Stiglitz, J., and A. Weiss., 1981. Credit rationing in markets with imperfect information, American Economic Review 71, 393-410.
    • (1981) American Economic Review , vol.71 , pp. 393-410
    • Stiglitz, J.1    Weiss, A.2
  • 39
    • 84924953133 scopus 로고
    • Long-term contracts, short-term investment and monitoring
    • Von Thadden, E., 1995. Long-term contracts, short-term investment and monitoring, Review of Economic Studies 62, 557-575.
    • (1995) Review of Economic Studies , vol.62 , pp. 557-575
    • Von Thadden, E.1
  • 40
    • 15844411917 scopus 로고    scopus 로고
    • The basis risk component of commercial bank stock returns
    • Wetmore, J.L., and J.R. Brick., 1998. The basis risk component of commercial bank stock returns, Journal of Economics and Business 50, 67-76.
    • (1998) Journal of Economics and Business , vol.50 , pp. 67-76
    • Wetmore, J.L.1    Brick, J.R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.