Collateral, Risk Management, and the Distribution of Debt Capacity

By Adriano A. Rampini, S. Viswanathan, Amil Dasgupta, Douglas W. Diamond, E. Farhi, Alexander Gümbel, Yaron Leitner, Christine A. Parlour, Guillaume Plantin, D. Scharfstein and 2 more. 2010

483 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ad91a1d1f937df5e320abb964dad4aed3efc7c30

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Citations in the corpus

Corporate Liquidity Management: A Conceptual Framework and Survey (2014, unknown): “The difference in payoffs in this case is U Ul ¼ l pHRðI Þ rI þ 1 l pHR I I Ul . ð27Þ The key net worth effect identified by Rampini & Viswanathan (2010) is that the firm is more likely to eliminate liquidity management when net worth (which in this model is captured by A) 20We assume that this…”
Explaining Corporate Capital Structure: Product Markets, Leases, and Asset Similarity (2012, unknown): “More recently, Eisfeldt and Rampini (2009) have argued that ignoring operating lease commitments is likely to understate firm’s true degree of leverage (see also Rampini and Viswanathan (2010b)).”
The Collateral Channel: How Real Estate Shocks Affect Corporate Investment (2012, background): “3 For other contributions emphasizing the role of collateral in boosting pledgeable income, see, among others, Eisfeldt and Rampini (2009) and Rampini and Viswanathan (2010). firms to have available data every consecutive year they appear in the sample.”
Understanding the Role of Debt in the Financial System (2015, unknown): “…(previous three months) Figure 7 Source: JP Morgan Intermediation in shadow banking Figure 8 22 WP479 Understanding the role of debt in the financial system Geanakoplos (1996, 2010), Holmstrom and Tirole (1997, 1998, 2011), Caballero and Krishnamurthy (2001), and Rampini and Viswanathan (2010).”
Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective (2015, methodology): “The strength of the static constraint is of course simplicity, and can be justified in an environment with limited commitment if agents cannot be excluded from entering into new debt contracts (Rampini and Viswanathan, 2010; Buera et al., 2011).”
The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting (2015, unknown): “…that the lender could be acquiring costly 12 The limited enforcement models of Albuquerque and Hopenhayn (2004), Lorenzoni and Walentin (2007), and Rampini and Viswanathan (2010, 2013) derive optimal long-term contracts that are free from renegotiation (Quadrini, 2004) because the lack of…”
Pecuniary Externalities in Economies with Financial Frictions (2016, unknown): “Rampini and Viswanathan (2010) endogenously derive state-dependent collateral constraints through limited commitment without exclusion.”
Offshore activities and financial vs operational hedging (2017, unknown): “As basic screens, we discard firms with a missing SIC code or a SIC code 13One exception to this prediction is noted in Rampini and Viswanathan (2010), who predict less hedging when financial constraints are specifically due to collateral constraints.”
Banking, Trade, and the Making of a Dominant Currency* (2020, background): “A recent theoretical and empirical literature (Rampini and Viswanathan (2010), Rampini, Viswanathan, and Vuillemey (2017), among others) has argued that, due to nancial contracting frictions, hedging of this sort by both operating rms and nancial intermediaries tends to be quite constrained.”
Monetary Policy, Corporate Finance and Investment (2018, unknown): “Rampini and Viswanathan (2010) and Rampini et al. (2014) focus, instead, on how firms of different experience engage in risk management so as to avoid being exposed to future unwanted fluctuations.”