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The Importance of Credit for Macroeconomic Activity: Identification through Heterogeneity
16 references·12 citing·32 second hop
The Importance of Credit for Macroeconomic Activity: Identification through Heterogeneity (1998)The Importance of Credit for Macroeconomi…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Credit Cycles (1997)Credit CyclesThe Financial Accelerator and the Flight to Quality (1996)The Financial Accelerator and…Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Inside the Black Box: The Cre…Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms (1994)Monetary Policy, Business Cyc…Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups (1991)Corporate Structure, Liquidit…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…Optimal contracts and competitive markets with costly state verification (1979)Optimal contracts and competi…Informational Asymmetries, Financial Structure, and Financial Intermediation (1977)Informational Asymmetries, Fi…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)INFORMATIONAL ASYMMETRIES, FI…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…The Bank Lending Channel of Monetary Policy and its Macroeconomic Effects: Evidence from a Sample of Selected Euro Area Countries (2016)The Bank Lending Channel of M…International Banking and Liquidity Risk Transmission: Lessons from Across Countries (2015)International Banking and Liq…Bank-characteristics, lending channel and monetary policy in emerging markets: bank-level evidence from Malaysia (2012)Bank-characteristics, lending…Financing Constraints, Credit, Rationing, and Financing Obstacles: Evidence from Firm Level Data in South Eastern Europe (2010)Financing Constraints, Credit…A micro data approach to the identification of credit crunches (2010)A micro data approach to the …Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area (2009)Macroeconomic Fluctuations an…Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area (2006)Macroeconomic Fluctuations an…The balance sheet channel of monetary policy: first empirical evidence for the euro area corporate bond market (2004)The balance sheet channel of …Firm investment and monetary policy transmission in the euro area (2003)Firm investment and monetary …Bank Lending Channel and the Monetary Transmission Mechanism: the Case of Chile (2003)Bank Lending Channel and the …Firm investment and monetary transmission in the euro area (2001)Firm investment and monetary …Identifying the mechanism: is there a bank lending channel of monetary transmission in the Netherlands? (2000)Identifying the mechanism: is…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Moral Hazard and Observability (1979)Theory ahead of business-cycle measurement (1986)Financial Constraints Risk (2006)Market Liquidity and Funding Liquidity (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)Agency costs of free cash flow, corporate finance, and takeovers (1996)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Macroeconomics and Reality (1980)The federal funds rate and the channels of monetary transmission (1989)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)The Science of Monetary Policy: A New Keynesian Perspective (1999)The Quarterly Journal of Economics (2024)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Financial Intermediation, Loanable Funds, and The Real Sector (1997)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1997Credit Cycles5,254 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1995Inside the Black Box: The Credit Channel of Monetary Policy Transmission4,205 cited
  • 1977INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION4,056 cited
  • 1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
  • 1979Optimal contracts and competitive markets with costly state verification3,201 cited
  • 1994Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms2,546 cited
  • 1991Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups

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2,361 cited
  • 1996The Financial Accelerator and the Flight to Quality2,351 cited
  • Cited by

    • 2015International Banking and Liquidity Risk Transmission: Lessons from Across Countries67 cited
    • 2001Firm investment and monetary transmission in the euro area57 cited
    • 2010A micro data approach to the identification of credit crunches50 cited
    • 2004The balance sheet channel of monetary policy: first empirical evidence for the euro area corporate bond market47 cited
    • 2000Identifying the mechanism: is there a bank lending channel of monetary transmission in the Netherlands?44 cited
    • 2010Financing Constraints, Credit, Rationing, and Financing Obstacles: Evidence from Firm Level Data in South Eastern Europe33 cited
    • 2009Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area29 cited
    • 2012Bank-characteristics, lending channel and monetary policy in emerging markets: bank-level evidence from Malaysia29 cited
    • 2003Bank Lending Channel and the Monetary Transmission Mechanism: the Case of Chile27 cited
    • 2003Firm investment and monetary policy transmission in the euro area20 cited
    • 2006Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area18 cited
    • 2016The Bank Lending Channel of Monetary Policy and its Macroeconomic Effects: Evidence from a Sample of Selected Euro Area Countries14 cited