Keywords
BusinessFinancial systemInvestment (military)Investment bankingFinanceMonetary economicsEconomics
Related Publications
Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
No. This paper investigates the relationship between financing constraints and investment-cash flow sensitivities by analyzing the firms identified by Fazzari, Hubbard, and Pete...
Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt
This paper determines when a debt contract will be monitored by lenders. This is the choice between borrowing directly (issuing a bond, without monitoring) and borrowing through...
Financing Constraints and Corporate Investment: Response to Kaplan and Zingales
Kaplan and Zingales (1995, hereafter KZ) criticize Fazzari, Hubbard and Petersen (1988, hereafter FHP) and much ensuing research that uses cross-sectional differences in firm be...
Relationship Lending and Lines of Credit in Small Firm Finance
This article examines the role of relationship lending in small firm finance. It examines price and nonprice terms of bank lines of credit (L/Cs) extended to small firms. The fo...
Lifting the Lid on Closed-End Investment Companies: A Case of Abnormal Returns
This study documents substantial gains accuring to shareholders of discounted closed-end investment companies when these funds are reorganized to allow shareholders to obtain th...
Publication Info
- Year
- 1996
- Type
- preprint
- Citations
- 23
- Access
- Closed
External Links
Citation Metrics
23
OpenAlex
Cite This
Joel F. Houston,
Christopher M. James
(1996).
Banking relationships, financial constraints, and investment: are bank- dependent borrowers more financially constrained?.
RePEc: Research Papers in Economics
.