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Investment opportunities and corporate demand for lines of credit

  • Martin, J. Spencer
  • Santomero, Anthony M.
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    File URL: http://www.sciencedirect.com/science/article/B6VCY-3SX4NX2-5/2/133f9440265964bd51db657b336205c7
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    Article provided by Elsevier in its journal Journal of Banking & Finance.

    Volume (Year): 21 (1997)
    Issue (Month): 10 (October)
    Pages: 1331-1350

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    Handle: RePEc:eee:jbfina:v:21:y:1997:i:10:p:1331-1350
    Contact details of provider: Web page: http://www.elsevier.com/locate/jbf

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    1. Shimko, David C., 1992. "The Valuation of Multiple Claim Insurance Contracts," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(02), pages 229-246, June.
    2. Hawkins, Gregory D., 1982. "An analysis of revolving credit agreements," Journal of Financial Economics, Elsevier, vol. 10(1), pages 59-81, March.
    3. Arnoud Boot & Anjan V. Thakor & Gregory F. Udell, 2004. "Competition, Risk Neutrality and Loan Commitments," Finance 0411051, EconWPA.
    4. Maksimovic, Vojislav, 1990. " Product Market Imperfections and Loan Commitments," Journal of Finance, American Finance Association, vol. 45(5), pages 1641-53, December.
    5. Corbae, Dean, 1993. "Relaxing the cash-in-advance constraint at a fixed cost Are simple trigger-target portfolio rules optimal?," Journal of Economic Dynamics and Control, Elsevier, vol. 17(1-2), pages 51-64.
    6. Melnik, Arie & Plaut, Steven E., 1986. "The economics of loan commitment contracts: Credit pricing and utilization," Journal of Banking & Finance, Elsevier, vol. 10(2), pages 267-280, June.
    7. Sofianos, George & Wachtel, Paul & Melnik, Arie, 1990. "Loan commitments and monetary policy," Journal of Banking & Finance, Elsevier, vol. 14(4), pages 677-689, October.
    8. Duan, Jin-Chuan & Yoon, Suk Heun, 1993. "Loan commitments, investment decisions and the signalling equilibrium," Journal of Banking & Finance, Elsevier, vol. 17(4), pages 645-661, June.
    9. Berkovitch, Elazar & Greenbaum, Stuart I., 1991. "The Loan Commitment as an Optimal Financing Contract," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 26(01), pages 83-95, March.
    10. Boot, Arnoud W. A. & Thakor, Anjan V. & Udell, Gregory F., 1991. "Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance," Journal of Banking & Finance, Elsevier, vol. 15(3), pages 605-632, June.
    11. Robert B. Avery & Allen N. Berger, 1989. "Loan commitments and bank risk exposure," Finance and Economics Discussion Series 65, Board of Governors of the Federal Reserve System (U.S.).
    12. Shimko, David C, 1989. " The Equilibrium Valuation of Risky Discrete Cash Flows in Continuous Time," Journal of Finance, American Finance Association, vol. 44(5), pages 1357-83, December.
    13. Melnik, Arie & Plaut, Steven, 1986. " Loan Commitment Contracts, Terms of Lending, and Credit Allocation," Journal of Finance, American Finance Association, vol. 41(2), pages 425-35, June.
    14. McDonald, Robert L & Siegel, Daniel R, 1985. "Investment and the Valuation of Firms When There Is an Option to Shut Down," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(2), pages 331-49, June.
    15. Campbell, Tim S, 1978. "A Model of the Market for Lines of Credit," Journal of Finance, American Finance Association, vol. 33(1), pages 231-44, March.
    16. Thakor, Anjan V. & Udell, Gregory F., 1987. "An economic rationale for the pricing structure of bank loan commitments," Journal of Banking & Finance, Elsevier, vol. 11(2), pages 271-289, June.
    17. Hassan, M. Kabir & Sackley, William H., 1994. "A methodological investigation of risk exposure of bank off-balance sheet loan commitment activities," The Quarterly Review of Economics and Finance, Elsevier, vol. 34(3), pages 283-299.
    18. Duffie, Darrell & Sun, Tong-sheng, 1990. "Transactions costs and portfolio choice in a discrete-continuous-time setting," Journal of Economic Dynamics and Control, Elsevier, vol. 14(1), pages 35-51, February.
    19. Morgan, Donald P, 1994. "Bank Credit Commitments, Credit Rationing, and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(1), pages 87-101, February.
    20. Ham, John C & Melnik, Arie, 1987. "Loan Demand: An Empirical Analysis Using Micro Data," The Review of Economics and Statistics, MIT Press, vol. 69(4), pages 704-09, November.
    21. Blackwell, Norman R. & Santomero, Anthony M., 1982. "Bank credit rationing and the customer relation," Journal of Monetary Economics, Elsevier, vol. 9(1), pages 121-129.
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