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What Determines the Number of Bank Relationships? Cross-Country Evidence
16 references·16 citing·33 second hopsampled
What Determines the Number of Bank Relationships? Cross-Country Evidence (1998)What Determines the Number of Bank Relati…Law and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…Financial Intermediation, Loanable Funds, and The Real Sector (1997)Financial Intermediation, Loa…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Financial Dependence and Growth (1996)Financial Dependence and Grow…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Effect of Credit Market Competition on Lending Relationships (1995)The Effect of Credit Market C…Relationship Lending and Lines of Credit in Small Firm Finance (1995)Relationship Lending and Line…Firms, Contracts, and Financial Structure (1995)Firms, Contracts, and Financi…Corruption and Growth (1995)Corruption and GrowthThe Benefits of Lending Relationships: Evidence from Small Business Data (1994)The Benefits of Lending Relat…Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Insiders and Outsiders: The C…Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Limited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…A model of investor sentiment /A model of investor sentiment…When does relationship lending start to pay? (2016)When does relationship lendin…Transmission channels of systemic risk and contagion in the European financial network (2015)Transmission channels of syst…Family firms, soft information and bank lending in a financial crisis (2015)Family firms, soft informatio…The Effects of Bank Mergers on Corporate Information Disclosure (2014)The Effects of Bank Mergers o…Relationship Lending and Credit Quality (2013)Relationship Lending and Cred…Vintage Capital and Creditor Protection (2010)Vintage Capital and Creditor …Multiple-Bank Lending, Creditor Rights and Information Sharing (2009)Multiple-Bank Lending, Credit…'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets (2008)'Lending by Example': Direct …Multiple Bank-Lending: Diversification and Free-Riding in Monitoring (2007)Multiple Bank-Lending: Divers…The Response of Firms' Investment and Financing to Adverse Cash Flow Shocks: The Role of Bank Relationships (2006)The Response of Firms' Invest…Switching from Single to Multiple Bank Lending Relationships: Determinants and Implications (2005)Switching from Single to Mult…How Law and Institutions Shape Financial Contracts: The Case of Bank Loans (2005)How Law and Institutions Shap…The Role of Guarantees in Bank Lending (2004)The Role of Guarantees in Ban…Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation (2004)Do Liquidation Values Affect …Financial Intermediation (2002)Financial IntermediationDo Lending Relationships Matter? Evidence from Bank Survey Data in Germany (2000)Do Lending Relationships Matt…Institutions, Institutional Change and Economic Performance (1991)Fiscal Policy and Economic Growth: An Empirical Investigation (1993)Making democracy work: civic traditions in modern Italy (1993)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Greed and grievance in civil war (2004)The Colonial Origins of Comparative Development: An Empirical Investigation: Reply (2012)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Credit Rationing in Markets with Imperfect Information (1981)A Contribution to the Empirics of Economic Growth (1992)Financial intermediation and growth: Causality and causes (2000)Finance and Growth: Theory and Evidence (2004)Law, finance, and economic growth in China (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The arbitrage theory of capital asset pricing (1976)Moral Hazard and Observability (1979)Bank Runs, Deposit Insurance, and Liquidity (1983)Financing Constraints and Corporate Investment (1988)Relationship Banking: What Do We Know? (2000)Bank regulation and supervision: what works best? (2003)The Nature of the Firm (1937)Separation of Ownership and Control (1983)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)Econometric Analysis of Cross Section and Panel Data (2001)Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages (2004)Introductory Econometrics for Finance (2008)
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References

  • 1998Law and Finance17,902 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 1995Corruption and Growth8,813 cited
  • 1984Financial Intermediation and Delegated Monitoring8,393 cited
  • 1996Financial Dependence and Growth8,055 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1994The Benefits of Lending Relationships: Evidence from Small Business Data5,434 cited
  • 1995Firms, Contracts, and Financial Structure4,671 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1997Financial Intermediation, Loanable Funds, and The Real Sector3,910 cited
  • 1992Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt3,902 cited
  • 1995Relationship Lending and Lines of Credit in Small Firm Finance3,641 cited
  • 1995The Effect of Credit Market Competition on Lending Relationships

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Cited by

  • 2005How Law and Institutions Shape Financial Contracts: The Case of Bank Loans231 cited
  • 2004Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation200 cited
  • 2015Transmission channels of systemic risk and contagion in the European financial network171 cited
  • 2015Family firms, soft information and bank lending in a financial crisis154 cited
  • 2002Financial Intermediation138 cited
  • 2006The Response of Firms' Investment and Financing to Adverse Cash Flow Shocks: The Role of Bank Relationships131 cited
  • 2016When does relationship lending start to pay?99 cited
  • 2004The Role of Guarantees in Bank Lending85 cited
  • 2014The Effects of Bank Mergers on Corporate Information Disclosure83 cited
  • 2010Vintage Capital and Creditor Protection78 cited
  • 2005Switching from Single to Multiple Bank Lending Relationships: Determinants and Implications72 cited
  • 2009Multiple-Bank Lending, Creditor Rights and Information Sharing70 cited
  • 2007Multiple Bank-Lending: Diversification and Free-Riding in Monitoring64 cited
  • 2008'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets64 cited
  • 2013Relationship Lending and Credit Quality58 cited
  • 2000Do Lending Relationships Matter? Evidence from Bank Survey Data in Germany57 cited