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Farm Loan Concentration and Financial Risk

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  • Gaku, Sylvanus A.
  • Ifft, Jennifer
  • Byers, Luke

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  • Gaku, Sylvanus A. & Ifft, Jennifer & Byers, Luke, 2022. "Farm Loan Concentration and Financial Risk," 2024 Annual Meeting, July 28-30, New Orleans, LA 322568, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:322568
    DOI: 10.22004/ag.econ.322568
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    References listed on IDEAS

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    1. Ongena, Steven & Tümer-Alkan, Günseli & Westernhagen, Natalja v., 2012. "Creditor concentration: An empirical investigation," European Economic Review, Elsevier, vol. 56(4), pages 830-847.
    2. Green, Daniel & Liu, Ernest, 2021. "A dynamic theory of multiple borrowing," Journal of Financial Economics, Elsevier, vol. 139(2), pages 389-404.
    3. Key, Nigel & Burns, Christopher & Lyons, Greg, "undated". "Financial Conditions in the U.S. Agricultural Sector: Historical Comparisons," Economic Information Bulletin 301076, United States Department of Agriculture, Economic Research Service.
    4. Hans Degryse & Steven Ongena, 2001. "Bank Relationships and Firm Profitability," Financial Management, Financial Management Association, vol. 30(1), Spring.
    5. Giorgio Gobbi & Enrico Sette, 2014. "Do Firms Benefit from Concentrating their Borrowing? Evidence from the Great Recession," Review of Finance, European Finance Association, vol. 18(2), pages 527-560.
    6. Joshua D. Rauh & Amir Sufi, 2010. "Capital Structure and Debt Structure," The Review of Financial Studies, Society for Financial Studies, vol. 23(12), pages 4242-4280, December.
    7. Bengt Holmstrom & Jean Tirole, 1998. "Private and Public Supply of Liquidity," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 1-40, February.
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    9. Yun Lou & Clemens A. Otto, 2020. "Debt Heterogeneity and Covenants," Management Science, INFORMS, vol. 66(1), pages 70-92, January.
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    12. Fiechter, Chad & Ifft, Jennifer, . "What Makes Nontraditional Finance Nontraditional?," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 10(50).
    13. Gorton, Gary & Winton, Andrew, 2003. "Financial intermediation," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 8, pages 431-552, Elsevier.
    14. Paul Asquith & Robert Gertner & David Scharfstein, 1994. "Anatomy of Financial Distress: An Examination of Junk-Bond Issuers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(3), pages 625-658.
    15. Gertner, Robert & Scharfstein, David, 1991. "A Theory of Workouts and the Effects of Reorganization Law," Journal of Finance, American Finance Association, vol. 46(4), pages 1189-1222, September.
    16. Paolo Colla & Filippo Ippolito & Kai Li, 2013. "Debt Specialization," Journal of Finance, American Finance Association, vol. 68(5), pages 2117-2141, October.
    17. Brady E. Brewer & Christine A. Wilson & Allen M. Featherstone & Michael R. Langemeier, 2014. "Multiple vs single lending relationships in the agricultural sector," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 74(1), pages 55-68, April.
    18. Michael L. Lemmon & Michael R. Roberts & Jaime F. Zender, 2008. "Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure," Journal of Finance, American Finance Association, vol. 63(4), pages 1575-1608, August.
    19. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    20. Petersen, Mitchell A & Rajan, Raghuram G, 1994. "The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance, American Finance Association, vol. 49(1), pages 3-37, March.
    21. Brewer, Brady E. & Bergtold, Jason S. & Featherstone, Allen M. & Wilson, Christine A., 2019. "Farmers’ Choice of Credit among the Farm Credit System, Commercial Banks, and Nontraditional Lenders," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 44(2), May.
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