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The impact of unconventional monetary policy on firm financing constraints: Evidence from the maturity extension program
16 references·16 citing·36 second hopsampled
The impact of unconventional monetary policy on firm financing constraints: Evidence from the maturity extension program (2016)The impact of unconventional monetary pol…Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Capital regulation, risk-taki…New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)New Evidence on Measuring Fin…A model of unconventional monetary policy (2010)A model of unconventional mon…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…The Impact of Uncertainty Shocks (2007)The Impact of Uncertainty Sho…Financial Constraints Risk (2006)Financial Constraints RiskWhat Explains the Stock Market's Reaction to Federal Reserve Policy? (2005)What Explains the Stock Marke…Monetary policy surprises and interest rates: Evidence from the Fed funds futures market (2001)Monetary policy surprises and…Event Studies in Economics and Finance (1997)Event Studies in Economics an…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…The Maturity Structure of Corporate Debt (1995)The Maturity Structure of Cor…Debt Maturity Structure and Liquidity Risk (1991)Debt Maturity Structure and L…Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups (1991)Corporate Structure, Liquidit…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Determinants of corporate borrowing (1977)Determinants of corporate bor…Go green: How does Green Credit Policy promote corporate green transformation in China (2024)Go green: How does Green Cred…Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data (2023)Monetary Stimulus amidst the …Trade Credit and the Transmission of Unconventional Monetary Policy (2022)Trade Credit and the Transmis…How Does Climate Policy Uncertainty Affect Excessive Corporate Debt? The Case of China (2022)How Does Climate Policy Uncer…Green bond vs conventional bond: Outline the rationale behind issuance choices in China (2022)Green bond vs conventional bo…Collateral-based monetary policy and corporate employment: Evidence from Medium-term Lending Facility in China (2022)Collateral-based monetary pol…The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China (2021)The determinants of R&D smoot…The design and transmission of central bank liquidity provisions (2021)The design and transmission o…Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE (2020)Making Room for the Needy: Th…Collateral Eligibility of Corporate Debt in the Eurosystem (2020)Collateral Eligibility of Cor…A survey of empirical findings on unconventional central bank policies (2020)A survey of empirical finding…Banks’ Balance Sheets and Liquidation Values: Evidence from Real Estate Collateral (2019)Banks’ Balance Sheets and Liq…Do SMEs Benefit from Unconventional Monetary Policy and How? Microevidence from the Eurozone (2018)Do SMEs Benefit from Unconven…The Effect of Central Bank Liquidity Injections on Bank Credit Supply (2017)The Effect of Central Bank Li…Does a Larger Menu Increase Appetite? Collateral Eligibility and Credit Supply (2017)Does a Larger Menu Increase A…How Quantitative Easing Works: Evidence on the Refinancing Channel (2016)How Quantitative Easing Works…The determinants and implications of corporate cash holdings (1999)Corporate social responsibility and access to finance (2013)The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2016)Demand for green finance: Resolving financing constraints on green innovation in China (2021)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)Credit Spreads and Business Cycle Fluctuations (2012)A Macroeconomic Model with a Financial Sector (2014)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Managing with Style: The Effect of Managers on Firm Policies (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The arbitrage theory of capital asset pricing (1976)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Credit Rationing in Markets with Imperfect Information (1981)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Governance and Equity Prices (2003)Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Product Market Threats, Payouts, and Financial Flexibility (2012)Feverish Stock Price Reactions to COVID-19* (2020)Common risk factors in the returns on stocks and bonds (1993)… and the Cross-Section of Expected Returns (2015)Policy Uncertainty and Corporate Investment (2015)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements (2004)Uncertainty about Government Policy and Stock Prices (2012)
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1997Event Studies in Economics and Finance4,623 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 2006Financial Constraints Risk3,702 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 2010A model of unconventional monetary policy2,439 cited
  • 2005What Explains the Stock Market's Reaction to Federal Reserve Policy?2,382 cited
  • 1991Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups2,361 cited
  • 2007The Impact of Uncertainty Shocks2,111 cited
  • 2001Monetary policy surprises and interest rates: Evidence from the Fed funds futures market2,054 cited
  • 1995The Maturity Structure of Corporate Debt1,856 cited
  • 1991Debt Maturity Structure and Liquidity Risk1,815 cited
  • 2011

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Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?
1,799 cited

Cited by

  • 2022Green bond vs conventional bond: Outline the rationale behind issuance choices in China97 cited
  • 2016How Quantitative Easing Works: Evidence on the Refinancing Channel94 cited
  • 2021The design and transmission of central bank liquidity provisions94 cited
  • 2018Do SMEs Benefit from Unconventional Monetary Policy and How? Microevidence from the Eurozone91 cited
  • 2024Go green: How does Green Credit Policy promote corporate green transformation in China85 cited
  • 2022Trade Credit and the Transmission of Unconventional Monetary Policy76 cited
  • 2017Does a Larger Menu Increase Appetite? Collateral Eligibility and Credit Supply73 cited
  • 2020A survey of empirical findings on unconventional central bank policies72 cited
  • 2023Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data70 cited
  • 2017The Effect of Central Bank Liquidity Injections on Bank Credit Supply55 cited
  • 2020Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE55 cited
  • 2020Collateral Eligibility of Corporate Debt in the Eurosystem47 cited
  • 2022How Does Climate Policy Uncertainty Affect Excessive Corporate Debt? The Case of China37 cited
  • 2022Collateral-based monetary policy and corporate employment: Evidence from Medium-term Lending Facility in China36 cited
  • 2021The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China29 cited
  • 2019Banks’ Balance Sheets and Liquidation Values: Evidence from Real Estate Collateral28 cited