Do Relationships Have Limits? Banking Relationships, Financial Constraints, and Investment*

By Joel F. Houston, Christopher M. James. 2001

182 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/60446c35fbc5e483fceba3895adcb7fb9ac2b102

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

In Finance

Citations in the corpus

Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market (2012, background): “Kroszner and Strahan (2001a) find that over 30% of the largest U.”
Empirical determinants of relationship lending (2005, background): “Houston and James (2001) explore the effect of banking relationships for large, exchange-listed U.”
Finance and Innovation: The Case of Publicly Traded Firms (2007, unknown): “The characteristics of firms borrowing from multiple vs. single banks in our sample are similar to those reported in Houston and James (2001).”
When Credit Dries Up: Job Losses in the Great Recession (2013, unknown): “Thus, the Spanish example may help us to draw lessons that are applicable to other countries, like Ireland or the US, which also experienced a collapse of their housing markets and a strong rise in unemployment.”
The Response of Firms' Investment and Financing to Adverse Cash Flow Shocks: The Role of Bank Relationships (2006, unknown): “…et al, 1999, Degryse and Van Cayseele, 2000), but increased credit availability (Chirinko and Elston, 2006), among others in bad times (Elsas and Krahnen, 1998, Vickery 2005), and reduced financial constraints (Hoshi et al, 1991, Elston, 1998, Garcia Marco and Ocaña, 1999, Houston and James, 2001).”
Voluntary Audits Versus Mandatory Audits (2011, background): “…low-risk types may abandon an audit when this becomes permissible in 2004 if, for example, they can borrow without submitting to an audit because the bank protects its interests through direct monitoring (Diamond 1991; Rajan 1992; Rajan and Winton 1995; Ang et al. 2000; Houston and James 2001).”
Bank Lines of Credit in Corporate Finance: An Empirical Analysis (2009, unknown): “In two papers, Houston and James (1996, 2001) use a sample of 250 firms for which they collect these data in years 1980, 1985, and 1990.”