Do Banks Provide Financial Slack

By Charles J. Hadlock, Christopher M. James. 2002

501 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2ddaca38f001012a40cfab5fce23617b328c10f4

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Citations in the corpus

Capital Structure and Debt Structure (2010, unknown): “Our empirical results are most closely related to empirical studies on debt composition (Barclay and Smith (1995), Houston and James (1996, 2001), Johnson (1997), Cantillo and Wright (2000), Hadlock and James (2002), Denis and Mihov (2003), and Gomes and Phillips (2005)).”
THE RELATIONSHIP BETWEEN BOARD SIZE, BOARD COMPOSITION, CEO DUALITY AND FIRM PERFORMANCE: EXPERIENCE FROM GHANA (2005, result): “The results confirm findings by Hadlock & James (2002), Petersen and Rajan (1994) and Roden and Lewellen (1995), who posit that profitable firms use more debt.”
Why Do Firms Form New Banking Relationships (2011, unknown): “We define a firm’s banking relationship as the pairing between the firm and the lead Udell (1995), and Berger et al. (2005)) or exclusively large firms (e.g., Hadlock and James (2002) Drucker and Puri (2005) and Yasuda (2005)).”
Finance and Innovation: The Case of Publicly Traded Firms (2007, unknown): “(E-15) Our dependent variable is Publics.31 Following the literature that explains the choice of public debt financing (e.g., Hadlock and James (2002)), we include firm level control variables Size, EquityAssets , Q, Age, EBIDTAAssets and Tangible.”
The Relationship between Capital Structure and Firm Performance: Evidence from Jordan (2013, background): “Hadlock and James (2002) suggest corporations with high level of profitability use high level of debts.”
Influence of Capital Structure on Firm Performance: Evidence from Bangladesh (2014, background): “However, to expand the MM theory, Jensen and Meckling (1976) developed agency costs theory. According to agency costs theory, the agency problem is caused by a conflict of interest between shareholders and managers (agency cost of equity) or between shareholders and debt holders (agency cost of debt”
Corporate Ownership Structure and the Choice Between Bank Debt and Public Debt (2013, unknown): “This suggests that banks possess comparative advantages over public investors in producing information (Fama, 1985) and pricing claims that are hard to value (Hadlock and James, 2002) when faced with high levels of information asymmetry.”
The Effect of Banking Crisis on Bank-Dependent Borrowers (2011, unknown): “At a broader level, we contribute to the empirical literature on the special role of banks in mitigating value relevant frictions in the economy (see James, 1987; Puri, 1996; Houston and James, 1996; Hadlock and James, 2002; Dahiya, Puri, and Saunders, 2003; and a large literature surveyed in Gorton”
CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE IN KENYA: EVIDENCE FROM FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE (2014, background): “Hadlock and James (2002) argue that the extent to which a firm's earnings' power is likely to remain above the breakeven point and the potential speed or flexibility with which it can adjust its debt usage, if its earnings' power falls below average interest costs, should help to determine the level”
Corporate Equity Ownership and the Governance of Product Market Relationships (2006, background): “6 Our argument here parallels similar arguments for choosing to issue private securities over public securities (e.g., Wruck (1989) and Hadlock and James (2002)).”
Factors affecting profitability in Malaysia (2018, background): “Hadlock and James (2002) suggested corporations with high level of profitability having a high level of debts.”