[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
create a website
Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short-Term Debt. (2017). Cardona-Sosa, Lina ; Restrepo, Felipe ; Cardonasosa, Lina ; Strahan, Philip E.
In: NBER Working Papers.
RePEc:nbr:nberwo:23179.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 41

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Acharya, V. V., Almeida, H., & Campello, M. (2013). Aggregate risk and the choice between cash and lines of credit. The Journal of Finance, 68(5), 2059-2116.

  2. Amberg, Niklas, Tor Jacobsen, Eric von Schedvin, and Robert Townsend, 2016 “Curbing Shocks to Corporate Liquidity: The Role of Trade Credit,” working paper, May 2016.

  3. Arbeláez, M., Burman, L., & Zuluaga, S. (2005). The bank debit tax in Colombia. Fiscal Reform in Colombia, 29-92.
    Paper not yet in RePEc: Add citation now

  4. Barrot, Jean-Noel, 2016, “Trade Credit and Industry Dynamics: Evidence from Trucking Firms,” Journal of Finance 71(5), 1975–2016.

  5. Becker, B. (2007). Geographical segmentation of US capital markets. Journal of Financial economics, 85(1), 151-178.

  6. Breza, Emily and Andres Lieberman, 2016, “Financial Contracting and Organizational Form: Evidence from the Regulation of Trade Credit, Journal of Finance, forthcoming.
    Paper not yet in RePEc: Add citation now

  7. Brunnermeier, M. K. (2009). Deciphering the liquidity and credit crunch 2007–2008. The Journal of economic perspectives, 23(1), 77-100.

  8. Burkart, M., & Ellingsen, T. (2004). In-kind finance: A theory of trade credit. The American economic review, 94(3), 569-590.

  9. Card, D., Lee, D., Pei, Z., & Weber, A. (2012). Nonlinear policy rules and the identification and estimation of causal effects in a generalized regression kink design (No. w18564). National Bureau of Economic Research.

  10. Cunat, Vicente, 2007, “Trade Credit: Suppliers as Debt Collectors and Insurance Providers,” Review of Financial Studies 20(2).

  11. Demiroglu, C., & James, C. (2011). The use of bank lines of credit in corporate liquidity management: A review of empirical evidence. Journal of Banking & Finance, 35(4), 775-782.

  12. Diamond, D. W. (1991). Debt maturity structure and liquidity risk. The Quarterly Journal of Economics, 709-737.

  13. Duchin, Ran, Ozbas and Sensoy, 2010, “Costly External Finance, Corporate Investment, and the Subprime Mortgage Credit Crisis,” Journal of Financial Economics.

  14. Fisman, R., & Love, I. (2003). Trade credit, financial intermediary development, and industry growth. The Journal of Finance, 58(1), 353-374.

  15. García-Appendini, Emilia and Judit Montoriol-Garriga, 2013 “Firms as liquidity providers: Evidence from the 2007-2008 financial crisis,” Journal of Financial Economics 109 (1), 272291.

  16. Gatev, E., & Strahan, P. E. (2006). Banks' advantage in hedging liquidity risk: Theory and evidence from the commercial paper market. The Journal of Finance, 61(2), 867-892.

  17. Gatev, E., & Strahan, P. E. (2009). Liquidity Risk and Syndicate Structure, Journal of Financial Economics 93(3), 490-504.

  18. Gatev, E., Schuermann, T., & Strahan, P. E. (2009). Managing bank liquidity risk: How depositloan synergies vary with market conditions. Review of Financial studies, 22(3), 995-1020.

  19. Giannetti, Mariassunta, Mike Burkhart and Tor Ellingsen, 2011, “What you Sell is What you Lend? Explaining Trade Credit Contracts,” Review of Financial Studies 24(4), 1261-98.

  20. Gilje, E. P., Loutskina, E., & Strahan, P. E. (2016). Exporting liquidity: Branch banking and financial integration. The Journal of Finance.

  21. Ivashina, V., & Scharfstein, D. (2010). Bank lending during the financial crisis of 2008. Journal of Financial economics, 97(3), 319-338.

  22. Jensen, M. C. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review, 76(2).

  23. Jiménez. G., Lopez J., and and J. Saurina. (2009). Empirical analysis of corporate credit lines,” 2009, Review of Financial Studies 22, 5069-5098.

  24. Kashyap, A. K., Rajan, R., & Stein, J. C. (2002). Banks as liquidity providers: An explanation for the coexistence of lending and deposit‐taking. The Journal of Finance, 57(1), 33-73.

  25. Kleibergen, F., & Paap, R. (2006). Generalized reduced rank tests using the singular value decomposition. Journal of econometrics, 133(1), 97-126.

  26. Lastrapes, W. D., & Selgin, G. (1997). The check tax: Fiscal folly and the great monetary contraction. The Journal of Economic History, 57(04), 859-878.

  27. Lins, K. V., Servaes, H., & Tufano, P. (2010). What drives corporate liquidity? An international survey of cash holdings and lines of credit. Journal of financial economics, 98(1), 160-176.

  28. Merrouche, O., & Nier, E. (2012). Payment systems, inside money and financial intermediation. Journal of Financial Intermediation, 21(3), 359-382.

  29. Murfin, J., & Njoroge, K. (2015). The implicit costs of trade credit borrowing by large firms. Review of Financial Studies, 28(1), 112-145.

  30. Ng, C. K., Smith, J. K., & Smith, R. L. (1999). Evidence on the determinants of credit terms used in interfirm trade. The Journal of Finance, 54(3), 1109-1129.

  31. Peek, J., & Rosengren, E. S. (2000). Collateral damage: Effects of the Japanese banking crisis on real investment in the U.S. The American Economic Review, 90(1), 30-45.
    Paper not yet in RePEc: Add citation now

  32. Petersen, Mitchell A., and Raghuram G. Rajan. Trade credit: theories and evidence. Review of financial studies 10.3 (1997): 661-691.

  33. Rajan, R. G. (1998). The past and future of commercial banking viewed through an incomplete contract lens. Journal of Money, Credit and Banking, 524-550.

  34. Roberts, Michael R. and Whited, Toni M., Endogeneity in Empirical Corporate Finance (October 5, 2012). Simon School Working Paper No. FR 11-29. Available at SSRN: http://ssrn.com/abstract=1748604 Schaffer, M.E., 2010. xtivreg2: Stata module to perform extended IV/2SLS, GMM and AC/HAC, LIML and k-class regression for panel data models. http://ideas.repec.org/c/boc/bocode/s456501.html Scharlemann, T. C., & Shore, S. H. (2016). The Effect of Negative Equity on Mortgage Default: Evidence From HAMP's Principal Reduction Alternative. Review of Financial Studies, hhw034.
    Paper not yet in RePEc: Add citation now

  35. Schwartz, R. A. (1974). An economic model of trade credit. Journal of financial and quantitative analysis, 9(04), 643-657.

  36. Smith, J. K. (1987). Trade credit and informational asymmetry. The Journal of Finance, 42(4), 863-872.

  37. Stock, J. H., & Yogo, M. (2005). Testing for weak instruments in linear IV regression. Identification and inference for econometric models: Essays in honor of Thomas Rothenberg.
    Paper not yet in RePEc: Add citation now

  38. Stohs, M. H., & Mauer, D. C. (1996). The determinants of corporate debt maturity structure. Journal of Business, 279-312.

  39. Sufi, A. (2009). Bank lines of credit in corporate finance: An empirical analysis. Review of Financial Studies, 22(3), 1057-1088.

  40. Wilner, Benjamin S., 2000, “The Exploitation of Relatonships in Financial Distress: The Case of Trade Credit,” Journal of Finance 55(1), 153-78.

  41. Yun, H. (2009). The choice of corporate liquidity and corporate governance. Review of Financial Studies, 22(4), 1447-1475.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Suppliers as liquidity insurers. (2017). Gropp, Reint ; Corsten, Daniel ; Markou, Panos .
    In: IWH Discussion Papers.
    RePEc:zbw:iwhdps:82017.

    Full description at Econpapers || Download paper

  2. Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short-Term Debt. (2017). Cardona-Sosa, Lina ; Restrepo, Felipe ; Cardonasosa, Lina ; Strahan, Philip E.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:23179.

    Full description at Econpapers || Download paper

  3. Do Firms Cash Holdings Differ Between Asian Countries? Theory and Empirical Validation. (2017). Hatem, Ben Said .
    In: Business and Economic Research.
    RePEc:mth:ber888:v:7:y:2017:i:1:p:298-307.

    Full description at Econpapers || Download paper

  4. Directors’ education and corporate liquidity: evidence from boards in Taiwan. (2017). Chen, Yan-Shing ; Wang, Hong-Da ; Su, Xuan-Qi.
    In: Review of Quantitative Finance and Accounting.
    RePEc:kap:rqfnac:v:49:y:2017:i:2:d:10.1007_s11156-016-0597-6.

    Full description at Econpapers || Download paper

  5. Do credit commitments compromise credit quality?. (2017). Laidroo, Laivi ; Mannasoo, Kadri.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:41:y:2017:i:c:p:303-317.

    Full description at Econpapers || Download paper

  6. A simple macroeconomic model with extreme financial frictions. (2017). Rochet, Jean ; Pfeil, Sebastian ; Klimenko, Nataliya .
    In: Journal of Mathematical Economics.
    RePEc:eee:mateco:v:68:y:2017:i:c:p:92-102.

    Full description at Econpapers || Download paper

  7. How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007. (2017). Kovner, Anna ; Afonso, Gara ; Acharya, Viral V.
    In: Journal of Financial Intermediation.
    RePEc:eee:jfinin:v:30:y:2017:i:c:p:1-34.

    Full description at Econpapers || Download paper

  8. Credit default swaps, exacting creditors and corporate liquidity management. (2017). Subrahmanyam, Marti G ; Wang, Sarah Qian ; Tang, Dragon Yongjun.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:124:y:2017:i:2:p:395-414.

    Full description at Econpapers || Download paper

  9. Uncertainty and the value of cash holdings. (2017). Im, Hyun Joong ; Zhao, Gege ; Park, Heungju .
    In: Economics Letters.
    RePEc:eee:ecolet:v:155:y:2017:i:c:p:43-48.

    Full description at Econpapers || Download paper

  10. R&D investments and credit lines. (2017). Guney, Yilmaz ; Karpuz, Ahmet ; Ozkan, Neslihan.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:46:y:2017:i:c:p:261-283.

    Full description at Econpapers || Download paper

  11. Moderating Effect of Access to Finance on the Relationship between Total Quality Management, Market Orientation and Small and Medium Enterprises Performance: A Proposed Framework. (2017). Rogo, Halilu Bello ; Hafeez, Muhammad Haroon ; Mohd, Mohd Noor.
    In: International Review of Management and Marketing.
    RePEc:eco:journ3:2017-01-16.

    Full description at Econpapers || Download paper

  12. To bribe or not to bribe? Corruption uncertainty and corporate practices. (2017). Hanousek, Jan ; Tresl, Jiri ; Shamshur, Anastasiya.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:12094.

    Full description at Econpapers || Download paper

  13. To Bribe or not to Bribe? Corruption Uncertainty and Corporate Practices. (2017). Hanousek, Jan ; Tresl, Jiri ; Shamshur, Anastasiya.
    In: CERGE-EI Working Papers.
    RePEc:cer:papers:wp597.

    Full description at Econpapers || Download paper

  14. Executive Compensation, Macroeconomic Conditions, and Cash Flow Cyclicality. (2016). Colonnello, Stefano.
    In: IWH Discussion Papers.
    RePEc:zbw:iwhdps:iwh-6-16.

    Full description at Econpapers || Download paper

  15. Liquidity transformation in asset management: Evidence from the cash holdings of mutual funds. (2016). Sunderam, Adi ; Chernenko, Sergey.
    In: ESRB Working Paper Series.
    RePEc:srk:srkwps:201623.

    Full description at Econpapers || Download paper

  16. Double bank runs and liquidity risk management. (2016). Sette, Enrico ; Peydro, Jose-Luis ; Ippolito, Filippo ; Polo, Andrea.
    In: ESRB Working Paper Series.
    RePEc:srk:srkwps:201608.

    Full description at Econpapers || Download paper

  17. Discipline and Flexibility: A Behavioral Perspective on Product Design in Microfinance. (2016). Szafarz, Ariane ; Laureti, Carolina ; Labie, Marc.
    In: Working Papers CEB.
    RePEc:sol:wpaper:2013/199868.

    Full description at Econpapers || Download paper

  18. Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds. (2016). Chernenko, Sergey ; Sunderam, Adi.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:22391.

    Full description at Econpapers || Download paper

  19. Curbing Shocks to Corporate Liquidity: The Role of Trade Credit. (2016). von Schedvin, Erik ; Townsend, Robert ; Amberg, Niklas ; Jacobson, Tor.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:22286.

    Full description at Econpapers || Download paper

  20. Information Acquisition and Liquidity Dry-Ups. (2016). Pothier, David ; Koenig, Philipp .
    In: SFB 649 Discussion Papers.
    RePEc:hum:wpaper:sfb649dp2016-045.

    Full description at Econpapers || Download paper

  21. Credit Default Swaps, Exacting Creditors and Corporate Liquidity Management. (2016). Tang, Dragon Yongjun ; Wang, Sarah Qian ; Subrahmanyam, Marti G.
    In: Working Papers.
    RePEc:hkm:wpaper:202016.

    Full description at Econpapers || Download paper

  22. Curbing Shocks to Corporate Liquidity: The Role of Trade Credit. (2016). Amberg, Niklas ; Townsend, Robert ; von Schedvin, Erik ; Jacobson, Tor.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0320.

    Full description at Econpapers || Download paper

  23. Cash flow sensitivities during normal and crisis times: Evidence from shipping. (2016). Meier, Iwan ; Drobetz, Wolfgang ; Haller, Rebekka.
    In: Transportation Research Part A: Policy and Practice.
    RePEc:eee:transa:v:90:y:2016:i:c:p:26-49.

    Full description at Econpapers || Download paper

  24. Double bank runs and liquidity risk management. (2016). Sette, Enrico ; Peydro, Jose-Luis ; Ippolito, Filippo ; Polo, Andrea .
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:122:y:2016:i:1:p:135-154.

    Full description at Econpapers || Download paper

  25. Asymmetric transmission of a bank liquidity shock. (2016). Schiozer, Rafael F ; de Freitas, Raquel .
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:25:y:2016:i:c:p:234-246.

    Full description at Econpapers || Download paper

  26. Corporate social responsibility and corporate cash holdings. (2016). Cheung, Adrian (Wai-Kong).
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:37:y:2016:i:c:p:412-430.

    Full description at Econpapers || Download paper

  27. Cash holding adjustments and managerial entrenchment. (2016). Jiang, Zhan ; Lie, Erik.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:36:y:2016:i:c:p:190-205.

    Full description at Econpapers || Download paper

  28. Non-Precautionary Cash Hoarding and the Evolution of Growth Firms. (2016). Boot, Arnoud ; Vladimirov, Vladimir .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11510.

    Full description at Econpapers || Download paper

  29. Systemic risk-taking at banks: Evidence from the pricing of syndicated loans. (2016). Wagner, Wolf ; Gong, Di.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11150.

    Full description at Econpapers || Download paper

  30. Does partisan conflict impact the cash holdings of firms? A sign restrictions approach. (2016). Hankins, William ; Cheng, Chak Hung Jack ; Chiu, Ching-Wai (Jeremy) ; Stone, Anna-Leigh.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0638.

    Full description at Econpapers || Download paper

  31. Double bank runs and liquidity risk management. (2015). Sette, Enrico ; Peydro, Jose-Luis ; Ippolito, Filippo ; Polo, Andrea .
    In: Economics Working Papers.
    RePEc:upf:upfgen:1497.

    Full description at Econpapers || Download paper

  32. The Real Effects of Credit Line Drawdowns. (2015). Berrospide, Jose M. ; Meisenzahl, Ralf R..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2015-07.

    Full description at Econpapers || Download paper

  33. Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register. (2015). Meisenzahl, Ralf R. ; Irani, Rustom M..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2015-01.

    Full description at Econpapers || Download paper

  34. Debt financing, venture capital, and the performance of initial public offerings. (2015). Barry, Christopher B ; Mihov, Vassil T.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:58:y:2015:i:c:p:144-165.

    Full description at Econpapers || Download paper

  35. CEO entrenchment and corporate liquidity management. (2015). Elyasiani, Elyas ; Zhang, Ling.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:54:y:2015:i:c:p:115-128.

    Full description at Econpapers || Download paper

  36. Corporate cash holdings: Causes and consequences. (2015). Amess, Kevin ; Lampousis, Athanasios ; Banerji, Sanjay.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:42:y:2015:i:c:p:421-433.

    Full description at Econpapers || Download paper

  37. Double Bank Runs and Liquidity Risk Management. (2015). Sette, Enrico ; Peydro, Jose-Luis ; Ippolito, Filippo ; Polo, Andrea .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10948.

    Full description at Econpapers || Download paper

  38. Operating Leverage over the Business Cycle. (2015). Bhattacharjee, Arnab.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1535.

    Full description at Econpapers || Download paper

  39. Double Bank Runs and Liquidity Risk Management. (2015). Sette, Enrico ; Peydro, Jose-Luis ; Ippolito, Filippo ; Polo, Andrea .
    In: Working Papers.
    RePEc:bge:wpaper:855.

    Full description at Econpapers || Download paper

  40. Credit default swaps and corporate cash holdings. (2014). Tang, Dragon Yongjun ; Wang, Sarah Qian ; Subrahmanyam, Marti G..
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:462.

    Full description at Econpapers || Download paper

  41. Bank Systemic Risk-Taking and Loan Pricing : Evidence from Syndicated Loans. (2014). Gong, Di.
    In: Discussion Paper.
    RePEc:tiu:tiucen:5f066f24-3d9c-40dd-aaa5-2b16f9b75bd5.

    Full description at Econpapers || Download paper

  42. Corporate Cash and Employment. (2014). Poilly, Céline ; Benhima, Kenza ; Bacchetta, Philippe.
    In: 2014 Meeting Papers.
    RePEc:red:sed014:256.

    Full description at Econpapers || Download paper

  43. Corporate Cash and Employment. (2014). Poilly, Céline ; Benhima, Kenza ; Bacchetta, Philippe.
    In: Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP).
    RePEc:lau:crdeep:14.09.

    Full description at Econpapers || Download paper

  44. Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register. (2014). Meisenzahl, Ralf R. ; Irani, Rustom M..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2014-115.

    Full description at Econpapers || Download paper

  45. Banking deregulation, consolidation, and corporate cash holdings: U.S. evidence. (2014). HASAN, IFTEKHAR ; Francis, Bill ; Wang, Haizhi.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:41:y:2014:i:c:p:45-56.

    Full description at Econpapers || Download paper

  46. Corporate liquidity and the contingent nature of bank credit lines: Evidence on the costs and consequences of bank default. (2014). May, Anthony D..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:29:y:2014:i:c:p:410-429.

    Full description at Econpapers || Download paper

  47. Corporate Cash and Employment. (2014). Poilly, Céline ; Benhima, Kenza ; Bacchetta, Philippe.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10309.

    Full description at Econpapers || Download paper

  48. Asymmetric Transmission of a Bank Liquidity Shock. (2014). Schiozer, Rafael Felipe ; Raquel de Freitas Oliveira, .
    In: Working Papers Series.
    RePEc:bcb:wpaper:368.

    Full description at Econpapers || Download paper

  49. Flexible Products in Microfinance: Overcoming the Demand-Supply Mismatch. (2013). Szafarz, Ariane ; Laureti, Carolina ; Labie, Marc.
    In: Working Papers CEB.
    RePEc:sol:wpaper:2013/152597.

    Full description at Econpapers || Download paper

  50. Corporate Liquidity Management: A Conceptual Framework and Survey. (2013). Weisbach, Michael ; Campello, Murillo ; Almeida, Heitor ; Cunha, Igor.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:19502.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-26 16:13:59 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.