Capital market frictions and the role of internal capital markets in banking

Sample Selection Bias as a Specification Error

1979 • 27,564 citations

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Markets and Hierarchies: Analysis and Antitrust Implications.

1976 • 13,953 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

The Benefits of Lending Relationships: Evidence from Small Business Data

1994 • 5,085 citations

Financing Constraints and Corporate Investment

1988 • 4,857 citations

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

1992 • 3,659 citations

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

1991 • 3,300 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

What's different about banks?

1985 • 2,350 citations

Internal Capital Markets and the Competition for Corporate Resources

1997 • 1,713 citations

Some evidence on the uniqueness of bank loans

1987 • 1,688 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

Cash Flow and Investment: Evidence from Internal Capital Markets

1997 • 1,233 citations

Further evidence on the bank lending process and the capital-market response to bank loan agreements

1989 • 966 citations

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

1992 • 851 citations

The Benefits of Lending Relationships: Evidence from Small Business Data

1994 • 788 citations

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

1996 • 751 citations

Seniority and maturity of debt contracts

1993 • 682 citations

Did Risk-Based Capital Allocate Bank Credit and Cause a "Credit Crunch" in the United States?

1994 • 575 citations

Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence

1996 • 573 citations

Bond Covenants and Delegated Monitoring

1988 • 417 citations

Internal Capital Markets and the Competition for Corporate Resources

1997 • 289 citations

Cash Flow and Investment: Evidence from Internal Capital Markets

1997 • 277 citations

Board of Governors of the Federal Reserve System

2000 • 222 citations

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

1996 • 202 citations

The Financial Accelerator and the Flight to Quality

1994 • 175 citations

RAROC AT BANK OF AMERICA: FROM THEORY TO PRACTICE

1996 • 129 citations

Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence

1996 • 108 citations

The effects of the breakup of AT & T on telephone penetration in the United States

1993 • 103 citations

Capital regulation and bank lending

1992 • 88 citations

Bond Covenants and Delegated Monitoring

1988 • 78 citations

Bank capitalization, regulation, and the credit crunch: a critical review of the research findings

1995 • 71 citations

Loan Loss Reserves

1991 • 40 citations

The capital crunch in New England

1992 • 39 citations

The information content of multiple seasoned common stock offerings by bank holding companies

1991 • 25 citations

Banking relationships, financial constraints, and investment: are bank- dependent borrowers more financially constrained?

1996 • 24 citations

Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

1996 • 8 citations

Deleted Work

1955 • 0 citations