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What Explains the Difference in Leverage between Banks and Nonbanks?
16 references·16 citing·42 second hopsampled
What Explains the Difference in Leverage between Banks and Nonbanks? (2017)What Explains the Difference in Leverage …As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes (2015)As certain as debt and taxes:…The bankers' new clothes: what's wrong with banking and what to do about it (2013)The bankers' new clothes: wha…How does capital affect bank performance during financial crises? (2013)How does capital affect bank …Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive (2013)Fallacies, Irrelevant Facts, …The Determinants of Bank Capital Structure (2010)The Determinants of Bank Capi…Credit Market Competition and Capital Regulation (2009)Credit Market Competition and…How Do Large Banking Organizations Manage Their Capital Ratios? (2008)How Do Large Banking Organiza…What Caused the Bank Capital Build-up of the 1990s? (2007)What Caused the Bank Capital …Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …Diversification, Size, and Risk at Bank Holding Companies (1997)Diversification, Size, and Ri…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Benefits of Lending Relationships: Evidence from Small Business Data (1994)The Benefits of Lending Relat…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Geopolitical risk, bank regulation, and systemic risk: A cross-country analysis (2025)Geopolitical risk, bank regul…Macroprudential policies, national culture, and bank systemic risk: A cross-country comparison (2023)Macroprudential policies, nat…CEO power, corporate risk management, and dividends: disentangling CEO managerial ability from entrenchment (2023)CEO power, corporate risk man…Bank liquidity hoarding and bank systemic risk: The moderating effect of economic policy uncertainty (2023)Bank liquidity hoarding and b…Liquidity and bank capital structure (2022)Liquidity and bank capital st…Institutional Shareholders and Bank Capital (2022)Institutional Shareholders an…Does Competition Affect Bank Risk? (2022)Does Competition Affect Bank …Completing the European Banking Union: Capital cost consequences for credit providers and corporate borrowers (2022)Completing the European Banki…The well-trodden path: Complementing market and entrepreneurial orientation with a strategic emphasis to influence IPO survival in the United States (2020)The well-trodden path: Comple…Interactions between bank levies and corporate taxes: How is bank leverage affected? (2020)Interactions between bank lev…An SPDE model for systemic risk with endogenous contagion (2019)An SPDE model for systemic ri…Why Do Banks Target ROE? (2018)Why Do Banks Target ROE?Effective governance, financial markets, financial institutions & crises (2018)Effective governance, financi…Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities (2018)Contingent Convertibles with …The shifts and the shocks (2017)The shifts and the shocksDoes Competition Affect Bank Risk? (2017)Does Competition Affect Bank …Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Financial Dependence and Growth (1996)Market Timing and Capital Structure (2002)Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Do Peer Firms Affect Corporate Financial Policy? (2013)… and the Cross-Section of Expected Returns (2015)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)The Determinants of Credit Spread Changes (2001)The theory and practice of corporate finance: evidence from the field (2001)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)The arbitrage theory of capital asset pricing (1976)Moral Hazard and Observability (1979)Bank Runs, Deposit Insurance, and Liquidity (1983)Financial intermediation and growth: Causality and causes (2000)Significance tests and goodness of fit in the analysis of covariance structures. (1980)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Credit Rationing in Markets with Imperfect Information (1981)Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness (1997)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)Finance and Growth: Theory and Evidence (2004)Econometric Analysis of Cross Section and Panel Data (2001)Liquidity risk management and credit supply in the financial crisis (2011)Bank size, capital, and systemic risk: Some international evidence (2015)Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (2017)The Cross-Section of Expected Stock Returns (1992)Initial conditions and moment restrictions in dynamic panel data models (1998)Efficiency and risk in European banking (2010)Bank Competition and Stability: Cross-Country Heterogeneity (2011)Whatever It Takes: The Real Effects of Unconventional Monetary Policy (2017)The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)Rating Banks: Risk and Uncertainty in an Opaque Industry (2002)The dark side of diversification: The case of US financial holding companies (2005)Law and Finance (1998)Corporate Ownership Around the World (1999)
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References

  • 1984Financial Intermediation and Delegated Monitoring8,489 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1994The Benefits of Lending Relationships: Evidence from Small Business Data5,434 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data2,443 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 2013How does capital affect bank performance during financial crises?1,810 cited
  • 1997Diversification, Size, and Risk at Bank Holding Companies1,092 cited
  • 2010The Determinants of Bank Capital Structure758 cited
  • 2013The bankers' new clothes: what's wrong with banking and what to do about it650 cited
  • 2009Credit Market Competition and Capital Regulation616 cited
  • 2015As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes531 cited
  • 2008How Do Large Banking Organizations Manage Their Capital Ratios?531 cited
  • 2013Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive

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456 cited
  • 2007What Caused the Bank Capital Build-up of the 1990s?430 cited
  • Cited by

    • 2018Why Do Banks Target ROE?52 cited
    • 2018Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities44 cited
    • 2020The well-trodden path: Complementing market and entrepreneurial orientation with a strategic emphasis to influence IPO survival in the United States39 cited
    • 2019An SPDE model for systemic risk with endogenous contagion38 cited
    • 2022Does Competition Affect Bank Risk?33 cited
    • 2025Geopolitical risk, bank regulation, and systemic risk: A cross-country analysis29 cited
    • 2017Does Competition Affect Bank Risk?27 cited
    • 2023Bank liquidity hoarding and bank systemic risk: The moderating effect of economic policy uncertainty26 cited
    • 2022Liquidity and bank capital structure25 cited
    • 2020Interactions between bank levies and corporate taxes: How is bank leverage affected?24 cited
    • 2017The shifts and the shocks23 cited
    • 2023CEO power, corporate risk management, and dividends: disentangling CEO managerial ability from entrenchment19 cited
    • 2018Effective governance, financial markets, financial institutions & crises19 cited
    • 2022Institutional Shareholders and Bank Capital17 cited
    • 2023Macroprudential policies, national culture, and bank systemic risk: A cross-country comparison17 cited
    • 2022Completing the European Banking Union: Capital cost consequences for credit providers and corporate borrowers16 cited