11.08.2013 Views

large debt financing syndicated loans versus corporate bonds

large debt financing syndicated loans versus corporate bonds

large debt financing syndicated loans versus corporate bonds

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Bosch, O., 2007. Information asymmetry and the pricing of private <strong>debt</strong> – evidence<br />

from European <strong>syndicated</strong> <strong>loans</strong>. Goethe University Frankfurt: Working Paper.<br />

Boyd, J., and E. Prescott, 1986. Financial Intermediary-coalitions. Journal of<br />

Economic Theory, 38, pp. 211-32.<br />

Cantillo, M., and J. Wright, 2000. How do firms choose their lenders? An empirical<br />

investigation. Review of Financial Studies, 13, pp. 155-89.<br />

Chemmanur, T., and P. Fulghieri, 1994. Reputation, renegotiation, and the choice<br />

between bank <strong>loans</strong> and publicly traded <strong>debt</strong>. Review of Financial Studies, 1, pp.<br />

475-506.<br />

Coleman, A.D.F., N. Esho and I.G. Sharpe, 2006. Do bank characteristics influence<br />

loan contract terms. Journal of Financial Services Research, 30 (2), pp. 177-98.<br />

De Bondt, G. and D. Marqués-Ibáñez, 2005, High-yield bond diffusion in the United<br />

States, the United Kingdom and the euro area, Journal of Financial Services<br />

Research, 27, 2, pp. 163-181.<br />

Denis, D., and V. Mihov, 2003. The choice among bank <strong>debt</strong>, non-bank private <strong>debt</strong><br />

and public <strong>debt</strong>: Evidence from new <strong>corporate</strong> borrowings. Journal of Financial<br />

Economics, 70, pp. 3-28.<br />

Dennis, S. and D. Mullineaux, 2000. Syndicated <strong>loans</strong>. Journal of Financial<br />

Intermediation, 9, pp. 404-26.<br />

Diamond, D. 1984. Financial intermediation and delegated monitoring. Review of<br />

Economic Studies, 51, pp. 393-414.<br />

Diamond, D. 1991. Monitoring and reputation: The choice between bank <strong>loans</strong> and<br />

directly placed <strong>debt</strong>. Journal of Political Economy, 99, pp. 689-21.<br />

Esho, N., Lam, Y., I.G. Sharpe, 2001. Choice of <strong>financing</strong> source in international <strong>debt</strong><br />

markets. Journal of Financial Intermediation, 10, pp. 276-305.<br />

Esty, C.B. and W.L. Megginson, 2003. Creditor rights, enforcement, and <strong>debt</strong><br />

ownership structure: Evidence from the global <strong>syndicated</strong> loan market. Journal<br />

of Financial and Quantitative Analysis, 38 (1), pp 37-59.<br />

Fama, E. 1985. What’s different about banks? Journal of Monetary Economics, 15,<br />

pp. 29-39.<br />

Holmstrom, B., and J. Tirole, 1997. Financial intermediation, loanable funds and the<br />

real sector. Quarterly Journal of Economics, 112, pp. 663-91.<br />

Hoshi, T., A. Kashyap and D. Scharfstein, 1993. The choice between public and<br />

private <strong>debt</strong>: An analysis of post-deregulation <strong>corporate</strong> <strong>financing</strong> in Japan,<br />

NBER Working Papers 4421, National Bureau of Economic Research, Inc.<br />

Houston, J. and C. James 1996. Bank information monopolies and the mix of private<br />

and public <strong>debt</strong> claims. Journal of Finance, 51, pp. 1863-1890.<br />

Hoven-Stohs, M., D. Mauer 1996. The determinants of <strong>corporate</strong> <strong>debt</strong> maturity<br />

structure. Journal of Business, 69, pp. 279-312.<br />

Hubbard, G.R., N.K Kuttner, and D.N. Palia, 2002. Are there bank effects in<br />

borrowers’ costs of funds? Evidence from a matched sample of borrowers and<br />

banks. Journal of Business, 75 (4), pp. 559-81.<br />

Jensen, M., and W. Meckling, 1976. Theory of the firm: managerial behaviour,<br />

agency costs, and ownership structure. Journal of Financial Economics, 3, 305-<br />

360.<br />

Jones, J., W. Lang and P. Nigro, 2000. Recent trends in bank loan syndications:<br />

Evidence for 1995 to 1999. Economic and Policy Analysis Working Paper 2000-<br />

10, Comptroller of the Currency Administrator of National Banks.<br />

Johnson, S. A., 1997. An empirical analysis of the determinants of <strong>corporate</strong> <strong>debt</strong><br />

ownership structure. Journal of Quantitative Analysis, 32, pp. 47-69.<br />

30 ECB<br />

Working Paper Series No 1028<br />

March 2009

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!