Bank Loan Supply, Lender Choice, and Corporate Capital Structure

By Mark T. Leary. 2009

404 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6b4cac6aff44f98d0deb8f5b391af4ace66afc5b

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Citations in the corpus

Housing Price Booms and Crowding-Out Effects in Bank Lending (2018, background): “Papers in this line of work include: Faulkender and Petersen (2006), Sufi (2009), Leary (2009), Lemmon and Roberts (2010), and Chava and Purnanandam (2011).”
Government debt and corporate leverage: International evidence (2019, background): “2See for example, Korajczyk and Levy (2003), Welch (2004), Frank and Goyal (2007), Faulkender and Petersen (2006), Leary (2009), Sufi (2007), Chernenko and Sunderam (2012), Leary and Roberts (2014), Graham, Leary, and Roberts (2015), and Zhu (2017).”
Capital Market-Driven Corporate Finance (2009, background): “Lemmon & Roberts (2009) and Leary (2009) use the collapse of Drexel, Burnham, and Lambert and the emergence of bank certificates of deposit, respectively, as exogenous shocks to the supply of high-yield bonds and bank loans, and find a supply effect on investment and financial structure.”
A capital structure channel of monetary policy (2018, positive): “Finally, our paper connects to the literature documenting the role of bank shocks on credit supply (Kashyap and Stein, 2000; Ivashina and Scharfstein, 2010; Puri, Rocholl, and Steffen, 2011; Schnabl, 2011) and how it affects firm activities (Leary, 2009; Chava and Purnanandam, 2011; Peek and Rosengr”
Credit-Induced Boom and Bust (2017, neutral): “Other papers on the interplay between credit, house prices and consumption include Mian et al. (2012), Mian et al. (2013), Greenstone and Mas (2012), Chodorow-Reich (2014) and”
Income Distribution, Credit and Fiscal Policies in an Agent-Based Keynesian Model (2013, background): “…et al., 1993; Lown and Morgan, 2006; Claessens et al., 2009) as well as from cross-sectional ones (e.g. Fazzari et al., 1988; Gertler and Gilchrist, 1994; Kashyap and Stein, 2000; Leary, 2009), including studies encompassing the last recession (Black and Rosen, 2011; Ciccarelli et al., 2010).”
On Loan Sales, Loan Contracting, and Lending Relationships (2009, background): “The benefits from increased capital access are consistent with loan sales reducing supplyside frictions on access to debt capital (Titman 2002; Leary 2005; Faulkender & Petersen 2006).”
Micro and macro policies in the Keynes+Schumpeter evolutionary models (2016, neutral): “Even Schumpeterian growth models, including both evolutionary models rooted in Nelson and Winter (1982) and equilibrium models rooted in Aghion and Howitt (1992), have focused on technological and industrial dynamics, not considering the possible role of aggregate demand on the evolution of technolo”
Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs (2014, background): “Leary (2006) finds that bank-dependent firms shift towards equity when bank debt is scarce.”
Agent based-stock flow consistent macroeconomics: Towards a benchmark model (2016, background): “…this can happen even before the turning point if the recession slows down and firms underestimate the demand for their products. a minor share of banks outstanding credit.32 The pro-cyclicality of firms’ total debt is another wellknown stylized fact, as shown by C. and Morgan (2006); Leary (2009).”
Corporate Leverage, Debt Maturity and Credit Supply: The Role of Credit Default Swaps (2013, background): “These potential channels, along with the growing empirical evidence that supply frictions are generally important (e.g., Faulkender and Petersen 2006; Lemmon and Roberts 2010; Massa, Yasuda, and Zhang 2009; Sufi 2009; Leary 2009; Duchin, Ozbas, and Sensoy 2010; Choi et al. 2010; Erel et al. 2012), s”