Financial System Architecture
Data up to Jan 2025
Total Citations Per Year
Abstract
References (47)
Financial Intermediation and Delegated Monitoring
1984 • 8,226 citations
On the Impossibility of Informationally Efficient Markets
1980 • 4,825 citations
On the impossibility of informationally efficient markets
1980 • 3,972 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
Why new issues are underpriced
1986 • 2,752 citations
Market Liquidity and Performance Monitoring
1993 • 1,759 citations
Some evidence on the uniqueness of bank loans
1987 • 1,688 citations
Contemporary Banking Theory
1993 • 1,231 citations
Information Reliability and a Theory of Financial Intermediation
1984 • 1,214 citations
Credit and Efficiency in Centralized and Decentralized Economies
1995 • 1,101 citations
Further evidence on the bank lending process and the capital-market response to bank loan agreements
1989 • 966 citations
New issues in corporate finance
1988 • 750 citations
Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt
1994 • 703 citations
Seniority and maturity of debt contracts
1993 • 682 citations
Long-Term Contracts, Short-Term Investment and Monitoring
1995 • 608 citations
Reputation and Discretion in Financial Contracting
2004 • 591 citations
Proprietary Information, Financial Intermediation, and Research Incentives
1995 • 563 citations
Information Disclosure Costs and the Choice of Financing Source
1995 • 553 citations
Financial Markets, Intermediaries, and Intertemporal Smoothing
1997 • 535 citations
Secured Lending and Default Risk: Equilibrium Analysis, Policy Implications and Empirical Results
1991 • 525 citations
The market for information and the origin of financial intermediation
1990 • 458 citations
Debt covenants and renegotiation
1992 • 422 citations
Self-interested bank regulation
1993 • 381 citations
A welfare comparison of intermediaries and financial markets in Germany and the US
1995 • 369 citations
Asymmetric Information and Options
1993 • 331 citations
Credit Market Equilibrium with Bank Monitoring and Moral Hazard
1993 • 322 citations
Stock markets and resource allocation
1993 • 262 citations
Risk, managerial effort, and project choice
1992 • 261 citations
Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
1985 • 259 citations
Security Design
1993 • 229 citations
Bank Loan Commitment Contracts: Data, Theory, and Tests
1997 • 215 citations
Principal‐Agent Problems in S&L Salvage
1990 • 163 citations
Banking Scope and Financial Innovation
1997 • 159 citations
Changing incentives facing financial-services regulators
1989 • 115 citations
Bank lending in transition economies
1993 • 109 citations
The Incentive to Sell Financial Market Information
1995 • 66 citations
Capital requirements, loan renegotiation and the borrower's choice of financing source
1995 • 58 citations
Real Bills Revisited: Market Value Accounting and Loan Maturity
1993 • 52 citations
Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
1985 • 40 citations
A Welfare Comparison of the German and U.S. Financial Systems
1994 • 33 citations
Financial Intermediation with Proprietary Information
1992 • 25 citations
Debt covenants and renegotiation
1992 • 23 citations
Principal-Agent Problems in S&L Salvage
1990 • 22 citations
Equity markets in economies in transition
1993 • 18 citations
Creation of financial markets in (previously) centrally planned economies
1993 • 9 citations
The delivery of market timing services: Newsletters versus market timing funds
1990 • 6 citations