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Cited by 434

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

Bank Loan Supply, Lender Choice, and Corporate Capital Structure

Open access
LEARY, MARK T.·2009·The Journal of Finance
DOI 10.1111/j.1540-6261.2009.01461.x
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Abstract

This paper explores the relevance of capital market supply frictions for corporate capital structure decisions. To identify this relationship, I study the effect on firms' financial structures of two changes in bank funding constraints: the 1961 emergence of the market for certificates of deposit, and the 1966 Credit Crunch. Following an expansion (contraction) in the availability of bank loans, leverage ratios of bank‐dependent firms significantly increase (decrease) relative to firms with bond market access. Concurrent changes in the composition of financing sources lend further support to the role of credit supply and debt market segmentation in capital structure choice.

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Crossref · 10.1111/j.1540-6261.2009.01461.x

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Metadata

Authors
LEARY, M. T.
Venue
The Journal of Finance
Publisher
Wiley
Published
2009-05-20
Volume
64
Issue
3
Pages
1143-1185
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2009.01461.x
OpenAlex
W3122328812
Cited by
434
References
8
FWCI
71.30
Type
journal article
Language
en
Open access
green

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.