Credit Ratings, Collateral and Loan Characteristics: Implications for Yield

By Kose John, Anthony W. Lynch, Manju Puri. 2002

237 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1c1413c57faad216a40b9e39f4e6c701a0227990

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Citations in the corpus

Do Shareholder Rights Affect the Cost of Bank Loans (2009, unknown): “Several empirical studies show that target firm’s leverage increases significantly after the takeover (see Kim and McConnell (1977), Cook and Martin (1991), Warga and Welch (1993), and Ghosh and Jain (2000) as”
Accounting Quality and Debt Contracting (2008, methodology): “(1998), and (3) Jones (1991) as modified by Dechow et al.”
Determinants of Collateral (2004, unknown): “Besides these theoretical developments, there is a belief that academic research about the role of collateral is limited [John, Lynch, and Puri (2003)] while the empirical literature has not yet settled important issues such as whether collateral is a signal of a riskier or a safer loan, and…”
The Determinants of Credit Spread Changes (2001, unknown): “See, for example, Elton et al. (1999), Neal, Rolph, and Morris (2000), and John, Lynch, and Puri (2000).”
Strategic Ownership Structure and the Cost of Debt (2012, result): “…is consistent with the theoretical prediction that banks will demand higher collateral from relatively high-risk borrowers (Aghion and Bolton 1992; Rajan and Winton 1995) and complements other empirical studies (Berger and Udell 1990;John, Lynch, and Puri 2003; Chava, Livdan, and Purnanandam 2009).”
Evidence of jointness in the terms of relationship lending (2007, background): “…firms where managerial problems due to asymmetric information between insiders and external loan creditors might be higher, it is not surprising that our yield differential of collateral loans over non-collateral loan are significantly larger in magnitude than that found by John et al. (2003).”
How Collateral Laws Shape Lending and Sectoral Activity (2016, unknown): “…and Thakor (1987), Berger and Udell (1990), Boot and Thakor (1994), Rajan and Winton (1995), Gorton and Kahn (2000), Longhofer and Santos (2000), John et al. (2003), Djankov et al. (2003), Benmelech et al. (2005), Jimenez et al. (2006), Gan (2007), Djankov et al. (2007), Ono and Uesugi (2009),…”