Information Asymmetry, Monitoring, and the Placement Structure of Corporate Debt

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

Determinants of corporate borrowing

1977 • 13,054 citations

Positive Accounting Theory

1985 • 6,198 citations

The investment opportunity set and corporate financing, dividend, and compensation policies

1992 • 3,817 citations

Insiders and Outsiders: The Choice between Informed and Arm's‐Length Debt

1992 • 3,659 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Relationship Lending and Lines of Credit in Small Firm Finance

1995 • 3,482 citations

Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt

1991 • 3,300 citations

On financial contracting

1979 • 3,013 citations

Some evidence on the uniqueness of bank loans

1987 • 1,688 citations

The Maturity Structure of Corporate Debt

1995 • 1,679 citations

Financial intermediary-coalitions

1986 • 1,338 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

Information Reliability and a Theory of Financial Intermediation

1984 • 1,214 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

The Determinants of Corporate Debt Maturity Structure

1996 • 936 citations

Detection of Influential Observation in Linear Regression

1977 • 936 citations

Information Asymmetries, Financial Structure, and Financial Intermediation

1977 • 828 citations

Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt

1994 • 703 citations

Proprietary Information, Financial Intermediation, and Research Incentives

1995 • 563 citations

Information Disclosure Costs and the Choice of Financing Source

1995 • 553 citations

The Effect of Lender Identity on a Borrowing Firm's Equity Return

1995 • 510 citations

Information Asymmetry and Equity Issues

1991 • 437 citations

Credit Market Equilibrium with Bank Monitoring and Moral Hazard

1993 • 322 citations

Relationship Lending and Lines of Credit in Small Firm Finance

1994 • 294 citations

Borrowing relationships, intermediation, and the cost of issuing public securities

1990 • 291 citations

An investigation of cost differences between public sales and private placements of debt

1988 • 275 citations

Alternative Information Sources and the Information Content of Bank Loans

1993 • 263 citations

The Determinants of the Maturity of Corporate Debt Issues

1996 • 225 citations

Bank Information Monopolies and the Mix of Private and Public Debt Claims

1996 • 202 citations

The Rule 415 Experiment: Equity Markets

1985 • 156 citations

Issuing costs to existing shareholders in competitive and negotiated underwritten public utility equity offerings

1986 • 134 citations

Shelf Registration and the Reduced Due Diligence Argument: Implications of the Underwriter Certification and the Implicit Insurance Hypotheses

1990 • 131 citations

The Determinants of Corporate Debt Maturity Structure

1998 • 98 citations

Monitoring by financial intermediaries: Banks vs. Nonbanks

1994 • 86 citations

The Priority Structure of Corporate Liabilities

1995 • 75 citations

The Role of Private and Public Debt in Corporate Capital Structures

1991 • 55 citations

Public Debt as a Punching Bag: An Agency Model of the Mix of Public and Private Debt

1998 • 13 citations