- Achleitner, A.-K., R. Braun, B. Hinterramskogler, and F. Tappeiner (2012). Structure and determinants of financial covenants in leveraged buyouts. Review of Finance 16(3), 647–684.
Paper not yet in RePEc: Add citation now
- Aldasoro, I., S. Doerr, and H. Zhou (2022). Non-bank lending during financial crises. Available at SSRN 4008248.
Paper not yet in RePEc: Add citation now
Aldatmaz, S. and G. W. Brown (2020). Private equity in the global economy: Evidence on industry spillovers. Journal of corporate finance 60, 101524.
Antoni, M., E. Maug, and S. Obernberger (2019). Private equity and human capital risk. Journal of Financial Economics 133(3), 634–657.
Axelson, U., T. Jenkinson, P. Strömberg, and M. S. Weisbach (2013). Borrow cheap, buy high? the determinants of leverage and pricing in buyouts. The Journal of Finance 68(6), 2223–2267.
Begley, T. A. and A. Purnanandam (2017). Design of financial securities: Empirical evidence from private-label rmbs deals. The Review of Financial Studies 30(1), 120–161.
Benmelech, E., J. Dlugosz, and V. Ivashina (2012). Securitization without adverse selection: The case of clos. Journal of Financial Economics 106(1), 91–113.
Berlin, M., G. Nini, and G. Y. Edison (2020). Concentration of control rights in leveraged loan syndicates. Journal of Financial Economics 137(1), 249–271.
Bernstein, S. and A. Sheen (2016). The operational consequences of private equity buyouts: Evidence from the restaurant industry. The Review of Financial Studies 29(9), 2387–2418.
Bernstein, S., J. Lerner, M. Sorensen, and P. Strömberg (2017). Private equity and industry performance. Management Science 63(4), 1198–1213.
Beyhaghi, M., C. Nguyen, and J. K. Wald (2019). Institutional investors and loan dynamics: Evidence from loan renegotiations. Journal of Corporate Finance 56, 482–505.
- Blickle, K., C. Parlatore, and A. Saunders (2021). Specialization in banking. FRB of New York Staff Report (967).
Paper not yet in RePEc: Add citation now
- Blickle, K., Q. Fleckenstein, S. Hillenbrand, and A. Saunders (2023). The myth of the lead arranger’s share. FRB of New York Staff Report (922).
Paper not yet in RePEc: Add citation now
Bord, V. and J. A. Santos (2012). The rise of the originate-to-distribute model and the role of banks in financial intermediation. Economic Policy Review 18(2), 21–34.
- Boucly, Q., D. Sraer, and D. Thesmar (2011). Growth lbos. Journal of Financial Economics 102(2), 432–453.
Paper not yet in RePEc: Add citation now
Bruche, M., F. Malherbe, and R. R. Meisenzahl (2020). Pipeline risk in leveraged loan syndication. The Review of Financial Studies 33(12), 5660–5705.
Cerqueiro, G., S. Ongena, and K. Roszbach (2016). Collateralization, bank loan rates, and monitoring.
Chen, M., S. J. Lee, D. Neuhann, and F. Saidi (2023). Less bank regulation, more non-bank lending.
Chernenko, S., I. Erel, and R. Prilmeier (2022). Why do firms borrow directly from nonbanks? The Review of Financial Studies 35(11), 4902–4947.
Chodorow-Reich, G. and A. Falato (2022). The loan covenant channel: How bank health transmits to the real economy. The Journal of Finance 77(1), 85–128.
- Claessens, S., S. Ongena, and T. Wang (2023). “out of sight, out of mind?” banks’ private information, distance, and relationship length. Banks’ Private Information, Distance, and Relationship Length (January 1, 2023). Swiss Finance Institute Research Paper (23-01).
Paper not yet in RePEc: Add citation now
Cohen, G. J., J. Dice, M. Friedrichs, K. Gupta, W. Hayes, I. Kitschelt, S. J. Lee, W. B. Marsh, N. Mislang, M. Shaton, et al. (2021). The us syndicated loan market: Matching data. Journal of Financial Research 44(4), 695–723.
Cohn, J. B., E. S. Hotchkiss, and E. M. Towery (2022). Sources of value creation in private equity buyouts of private firms. Review of Finance 26(2), 257–285.
Cronqvist, H. and R. Fahlenbrach (2013). Ceo contract design: How do strong principals do it? Journal of Financial Economics 108(3), 659–674.
Davis, S. J., J. Haltiwanger, K. Handley, R. Jarmin, J. Lerner, and J. Miranda (2014). Private equity, jobs, and productivity. American Economic Review 104(12), 3956–3990.
Demiroglu, C. and C. James (2012). How important is having skin in the game? originator-sponsor affiliation and losses on mortgage-backed securities. The Review of Financial Studies 25(11), 3217–3258.
Demiroglu, C. and C. M. James (2010). The role of private equity group reputation in lbo financing. Journal of Financial Economics 96(2), 306–330.
Diamond, D. W. (1984). Financial intermediation and delegated monitoring. The review of economic studies 51(3), 393–414.
Drucker, S. and M. Puri (2009). On loan sales, loan contracting, and lending relationships. The Review of Financial Studies 22(7), 2835–2872.
- Fahlenbrach, R., S.-D. Rotermund, and S. Steffen (2023). What explains changes to the lbo debt market post financial crisis? Working Paper.
Paper not yet in RePEc: Add citation now
- Fleckenstein, Q. (2022). Intermediary frictions and the corporate credit cycle: Evidence from clos. Available at SSRN 4278636.
Paper not yet in RePEc: Add citation now
- Fleckenstein, Q., M. Gopal, G. Gutierrez Gallardo, and S. Hillenbrand (2020). Nonbank lending and credit cyclicality. NYU Stern School of Business.
Paper not yet in RePEc: Add citation now
Fracassi, C., A. Previtero, and A. Sheen (2022). Barbarians at the store? private equity, products, and consumers. The Journal of Finance 77(3), 1439–1488.
- Fuchs, W., P. Gottardi, and H. Moreira (2022). Time trumps quantity in the market for lemons. Centre for Economic Policy Research.
Paper not yet in RePEc: Add citation now
- Gornall, W., O. Gredil, S. T. Howell, X. Liu, and J. Sockin (2021). Do employees cheer for private equity? the heterogeneous effects of buyouts on job quality. The Heterogeneous Effects of Buyouts on Job Quality (December 24, 2021).
Paper not yet in RePEc: Add citation now
Gorton, G. B. and G. G. Pennacchi (1995). Banks and loan sales marketing nonmarketable assets. Journal of monetary Economics 35(3), 389–411.
- Gryglewicz, S. and S. Mayer (2022). Dynamic contracting with intermediation: Operational, governance, and financial engineering. Journal of Finance (forthcoming).
Paper not yet in RePEc: Add citation now
Gryglewicz, S., S. Mayer, and E. Morellec (2024). The dynamics of loan sales and lender incentives. Review of Financial Studies (forthcoming).
- Gustafson, M. T., I. T. Ivanov, and R. R. Meisenzahl (2021). Bank monitoring: Evidence from syndicated loans. Journal of Financial Economics 139(2), 452–477.
Paper not yet in RePEc: Add citation now
Haque, S. M. and A. V. Kleymenova (2023). Private equity and debt contract enforcement: Evidence from covenant violations.
Harford, J. and A. Kolasinski (2014). Do private equity returns result from wealth transfers and short-termism? evidence from a comprehensive sample of large buyouts. Management Science 60(4), 888–902.
Hartman-Glaser, B., T. Piskorski, and A. Tchistyi (2012). Optimal securitization with moral hazard. Journal of Financial Economics 104(1), 186–202.
- Heitz, A., C. Martin, and A. Ufier (2022). Bank monitoring in construction lending. FDIC Center for Financial Research Paper (09).
Paper not yet in RePEc: Add citation now
Holmstrom, B. and J. Tirole (1997). Financial intermediation, loanable funds, and the real sector. the Quarterly Journal of economics 112(3), 663–691.
Hotchkiss, E. S., D. C. Smith, and P. Strömberg (2021). Private equity and the resolution of financial distress. The Review of Corporate Finance Studies 10(4), 694–747.
Iacus, S. M., G. King, and G. Porro (2012). Causal inference without balance checking: Coarsened exact matching. Political analysis 20(1), 1–24.
Irani, R. M. and R. R. Meisenzahl (2017). Loan sales and bank liquidity management: Evidence from a us credit register. The Review of Financial Studies 30(10), 3455–3501.
Irani, R. M., R. Iyer, R. R. Meisenzahl, and J.-L. Peydro (2021). The rise of shadow banking: Evidence from capital regulation. The Review of Financial Studies 34(5), 2181–2235.
Ivashina, V. (2009). Asymmetric information effects on loan spreads. Journal of financial Economics 92(2), 300–319.
Ivashina, V. and A. Kovner (2011). The private equity advantage: Leveraged buyout firms and relationship banking. The Review of Financial Studies 24(7), 2462–2498.
Ivashina, V. and D. Scharfstein (2010). Loan syndication and credit cycles. American Economic Review 100(2), 57–61.
- Jang, Y. S. (2023). Are direct lenders more like banks or arm’s-length investors? evidence from loan agreements and covid-related distress. Working Paper.
Paper not yet in RePEc: Add citation now
Kaplan, S. N. and P. Stromberg (2009). Leveraged buyouts and private equity. Journal of economic perspectives 23(1), 121–46.
Keys, B. J., T. Mukherjee, A. Seru, and V. Vig (2010). Did securitization lead to lax screening? evidence from subprime loans. The Quarterly journal of economics 125(1), 307–362.
Khwaja, A. I. and A. Mian (2008). Tracing the impact of bank liquidity shocks: Evidence from an emerging market. American Economic Review 98(4), 1413–1442.
- Kundu, S., S. Jiang, and D. Xu (2023). Monitoring with small stakes. Working Paper.
Paper not yet in RePEc: Add citation now
Lee, S. J., D. Li, R. R. Meisenzahl, and M. J. Sicilian (2019). The us syndicated term loan market: Who holds what and when? Lee, S. J., L. Q. Liu, and V. Stebunovs (2022). Risk-taking spillovers of us monetary policy in the global market for us dollar corporate loans. Journal of Banking & Finance 138, 105550.
Malenko, A. and N. Malenko (2015). A theory of lbo activity based on repeated debt-equity conflicts. Journal of Financial Economics 117(3), 607–627.
Nadauld, T. D. and M. S. Weisbach (2012). Did securitization affect the cost of corporate debt? Journal of financial economics 105(2), 332–352.
Purnanandam, A. (2011). Originate-to-distribute model and the subprime mortgage crisis. The review of financial studies 24(6), 1881–1915.
Shivdasani, A. and Y. Wang (2011). Did structured credit fuel the lbo boom? The Journal of Finance 66(4), 1291–1328.
- Shive, S. and M. Forster (2021). Quos custodiunt custodes? sponsor reputation and capital structure dynamics in leveraged buyouts. Working Paper.
Paper not yet in RePEc: Add citation now
Sufi, A. (2007). Information asymmetry and financing arrangements: Evidence from syndicated loans. The Journal of Finance 62(2), 629–668.
Wang, T. (2019). To build or to buy? the role of local information in credit market development. Management Science 65(12), 5838–5860.
Wang, Y. and H. Xia (2014). Do lenders still monitor when they can securitize loans? The Review of Financial Studies 27(8), 2354–2391.
- Weitzner, G. and C. Howes (2021). Bank information production over the business cycle. Available at SSRN 3934049.
Paper not yet in RePEc: Add citation now
- Weitzner, G. and M. Beyhaghi (2022). Are banks really informed? evidence from their private information. Evidence From Their Private Information (November 1, 2022).
Paper not yet in RePEc: Add citation now