Bank Loans, Bonds, and Information Monopolies Across the Business Cycle

By João A. C. Santos, Andrew Winton. 2008

376 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1ab956e21c4b3fe38e63456111c29ff3a9ad8d73

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Citations in the corpus

Cyclicality of Credit Supply: Firm Level Evidence (2014, neutral): “32 Santos and Winton (2011) look at the evolution of loan spreads over the business cycle for a cross-section of firms.”
Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market (2017, neutral): “14For other studies of loan spreads see, for example, Santos and Winton (2008), Hale and Santos (2009), and Santos (2011).”
Bank ownership type and banking relationships (2006, positive): “10 Studies such as Houston and James (1996) and Santos and Winton (2005) offer evidence that public debt borrowing can also help firms mitigate hold up problems.”
Lending Relationships and Information Rents: Do Banks Exploit Their Information Advantages? (2010, neutral): “[40] Santos, João A.”
Group Membership, Relationship Banking and Loan Default Risk: The Case of Online Social Lending (2015, positive): “Santos and Winton (2008) test the proposition that hold-up power increases with firm risk, as theorized by Rajan (1992).”
The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation (2012, background): “12 Examples of papers that use Dealscan include Dennis and Mullineaux (2000), Hubbard, Kuttner, and Palia (2002), Santos and Winton (2008, 2010), Hale and Santos (2009, 2010), Sufi (2007), Bharath, Dahiya, Saunders, and Srinivasan (2009), Santos (2011), Paligorova and Santos (2011), and Bord and…”
The Transmission of Monetary Policy through Bank Lending: The Floating Rate Channel (2017, positive): “Following Faulkender and Petersen (2006) and Santos and Winton (2008) we instrument for bank debt usage using proxies for firm visibility and firm uniqueness.”
Are Banks Still Special When There Is a Secondary Market for Loans (2012, neutral): “16See, Santos and Winton (2008) who find evidence of an increase in loan spreads for borrowers during recessions.”
Creditor Concentration: An Empirical Investigation (2012, positive): “However, in line with the predictions of the hold-up hypothesis, banks use their informational advantage to extract rents in loan syndications as well (Santos and Winton, 2008, and Saunders and Steffen, 2011).”
Strategic Ownership Structure and the Cost of Debt (2012, methodology): “19 Recent studies that use the Altman Z-score as a measure of default risk include Bharath, Acharya, and Srinivasan (2007),Santos and Winton(2008), andChava, Livdan, and Purnanandam (2009). We use the specification in theAltman(1968) model but also check the extension to emerging markets ( Altman 20”