Details about Anjan V. Thakor

E-mail:
Postal address:	Washington University in St. Louis, Olin School of Business, Campus Box 1133, St. Louis, MO 63130
Workplace:	Olin School of Business, Washington University, (more information at EDIRC)

Access statistics for papers by Anjan V. Thakor.

Last updated 2009-05-24. Update your information in the RePEc Author Service.

Short-id: pth44

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Working Papers

2006

1. Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2006)
   See also Journal Article in Journal of Finance (2008)

2004

2. A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchase and Dividends
   Finance, EconWPA View citations
   See also Journal Article in Journal of Finance (1987)
3. An Economic Rationale for the Pricing Structure of Bank Loan Commitments
   Finance, EconWPA
   See also Journal Article in Journal of Banking & Finance (1987)
4. An Exploration of Competitive Signalling Equilibria with 'Third Party' Information Production: The Case of Debt Insurance
   Finance, EconWPA
   See also Journal Article in Journal of Finance (1982)
5. Bank Funding Modes
   Finance, EconWPA
6. Bank Loan Commitments and Interest Rate Volatility
   Finance, EconWPA View citations
7. Capital Accumulation and Deposit Pricing in Mutual Financial Institutions
   Finance, EconWPA
   See also Journal Article in Journal of Financial and Quantitative Analysis (1982)
8. Capital Requirements, Monetary Policy, and Aggregate Bank
   Finance, EconWPA View citations
9. Collateral and Competitive Equilibria with Moral Hazard and Private Information
   Finance, EconWPA View citations
   See also Journal Article in Journal of Finance (1987)
10. Competition, Risk Neutrality and Loan Commitments
    Finance, EconWPA View citations
    See also Journal Article in Journal of Banking & Finance (1987)
11. Competitive Equilibrium in the Credit Market under Asymmetric Information
    Finance, EconWPA View citations
    See also Journal Article in Journal of Economic Theory (1987)
12. Continuous Signaling Within Partitions: Capital Structure and the FIFO/LIFO Choice
    Finance, EconWPA View citations
13. Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing
    Finance, EconWPA View citations
    See also Journal Article in Journal of Financial and Quantitative Analysis (1983)
14. Go Public or Stay Private: A Theory of Entrepreneurial Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003) View citations
15. Incentive Effects of Benevolent Intervention - The case of government loan guarantees
    Finance, EconWPA
    See also Journal Article in Journal of Public Economics (1985)
16. Information Reusability, Competition and Bank Asset Quality
    Finance, EconWPA View citations
    See also Journal Article in Journal of Banking & Finance (1986)
17. Information, Investment Horizon, and Price Reactions
    Finance, EconWPA View citations
    See also Journal Article in Journal of Financial and Quantitative Analysis (1993)
18. Is Fairly Priced Deposit Insurance Possible?
    Finance, EconWPA View citations
    See also Journal Article in Journal of Finance (1992)
19. Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
    Finance, EconWPA
    See also Journal Article in Journal of Finance (1985)
20. Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium
    Finance, EconWPA View citations
    See also Journal Article in Journal of Financial and Quantitative Analysis (1982)
21. Optimal Capital Structure and Project Financing
    Finance, EconWPA View citations
    See also Journal Article in Journal of Economic Theory (1987)
22. Private versus Public Ownership: Investment, Ownership Distribution, and Optimality
    Finance, EconWPA
    See also Journal Article in Journal of Finance (1988)
23. Regulatory Pricing and Capital Investment under Asymmetric Information about Cost
    Finance, EconWPA
24. Relationship Banking, Deposit Insurance and Bank Portfolio Choice
    Finance, EconWPA View citations
25. Screening, Market Signalling, and Capital Structure Theory
    Finance, EconWPA View citations
    See also Journal Article in Journal of Finance (1983)
26. Shareholder Preferences and Dividend Policy
    Finance, EconWPA
    See also Journal Article in Journal of Finance (1990)
27. The Valuation of Assets under Moral Hazard
    Finance, EconWPA
    See also Journal Article in Journal of Finance (1984)
28. Toward a Theory of Bank Loan Commitments
    Finance, EconWPA View citations
    See also Journal Article in Journal of Banking & Finance (1982)
29. Why Do Firms Smooth Earnings?
    Finance, EconWPA View citations

2003

30. Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003)
31. The Economic Value of Flexibility When There is Disagreement
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003) View citations

2002

32. Evolution of Organizational Scale and Scope
    Tinbergen Institute Discussion Papers, Tinbergen Institute

1998

33. Can Relationship Banking survive Competition?
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations
    See also Journal Article in Journal of Finance (2000)
34. Expansion of Banking Scale and Scope: Don't Banks Know the Value of Focus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
35. Killing the Bearer of Ill Tidings
    Tinbergen Institute Discussion Papers, Tinbergen Institute
36. The Many Faces of Information Disclosure
    Tinbergen Institute Discussion Papers, Tinbergen Institute
    Also in William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Stephen M. Ross Business School (1998)
    See also Journal Article in Review of Financial Studies (2001)

1997

37. Romanian Financial System Reform
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Stephen M. Ross Business School View citations

1995

38. Banking Scope, Financial Innovation, and the Evolution of the Financial System
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
39. Financial System Architecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Review of Financial Studies (1997)
40. The Economics of Bank Regulation
    Working Papers, Centro de Estudios Monetarios Y Financieros- View citations
    See also Journal Article in Journal of Money, Credit and Banking (1998)

1992

41. Security Design
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 53--56 Great Sutton Street, London EC1V 0DG View citations
    See also Journal Article in Journal of Finance (1993)

1983

42. Entrusting Investment Decisions to Managers With Superior Information: The Delegation Problem
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science

1982

43. Optimal Regulatory Pricing Under Asymmetric Cost Information
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science

Journal Articles

2008

1. Issues in financial contracting and financial system architecture
   Journal of Financial Intermediation, 2008, 17, (1), 1-5
2. Market Liquidity, Investor Participation, and Managerial Autonomy: Why Do Firms Go Private?
   Journal of Finance, 2008, 63, (4), 2013-2059
   See also Working Paper (2006)
3. Overconfidence, CEO Selection, and Corporate Governance
   Journal of Finance, 2008, 63, (6), 2737-2784 View citations

2007

4. Relationship Banking, Fragility, and the Asset-Liability Matching Problem
   Review of Financial Studies, 2007, 20, (6), 2129-2177
5. Why Do Firms Issue Equity?
   Journal of Finance, 2007, 62, (1), 1-54 View citations

2006

6. Accounting, Transparency and Bank Stability
   Journal of Financial Intermediation, 2006, 15, (3), 281-284
7. Commentary on "Is the United States bankrupt? "
   Review, 2006, (Jul), 251-258
8. Information Control, Career Concerns, and Corporate Governance
   Journal of Finance, 2006, 61, (4), 1845-1896 View citations
9. The Entrepreneur's Choice between Private and Public Ownership
   Journal of Finance, 2006, 61, (2), 803-836 View citations

2005

10. Financial intermediation as a beliefs-bridge between optimists and pessimists
    Journal of Financial Economics, 2005, 75, (3), 535-569 View citations
11. Green with Envy: Implications for Corporate Investment Distortions
    Journal of Business, 2005, 78, (6), 2255-2288 View citations
12. Sunflower Management and Capital Budgeting
    Journal of Business, 2005, 78, (2), 501-528

2004

13. Comment on "Crises in Competitive versus Monopolistic Banking Systems" by John H. Boyd, Gianni De Nicolo, and Bruce D. Smith
    Journal of Money, Credit and Banking, 2004, 36, (3), 507-09
14. JFI special issue: Financial Structure and Monetary Policy Channels
    Journal of Financial Intermediation, 2004, 13, (4), 410-410
15. Special issue on bank capital adequacy regulation under the new Basel Accord
    Journal of Financial Intermediation, 2004, 13, (2), 89-89

2003

16. Announcement
    Journal of Financial Intermediation, 2003, 12, (4), iv-iv
17. Editorial Foreword
    Journal of Financial Intermediation, 2003, 12, (2), 149-149

2002

18. Banking stability, reputational rents, and the stock market: should bank regulators care about stock prices?
    Conference Series ; [Proceedings], 2002
19. Foreword
    Journal of Financial Intermediation, 2002, 11, (1), 1-1
    Also in Journal of Financial Intermediation, 2000, 9, (2), 111-111 (2000)
    Journal of Financial Intermediation, 1999, 8, (1-2), 1-1 (1999)
    Journal of Financial Intermediation, 1997, 6, (2), 91-91 (1997)
    Journal of Financial Intermediation, 1996, 5, (3), 224-224 (1996)
    Journal of Financial Intermediation, 1996, 5, (4), 339-339 (1996)
    Journal of Financial Intermediation, 2002, 11, (4), 353-353 (2002)
    Journal of Financial Intermediation, 1997, 6, (1), 1-1 (1997)

2001

20. Corporate Governance in the Banking and Financial Services Industries
    Journal of Financial Intermediation, 2001, 10, (1), 105-106
21. Managerial Career Concerns and Investments in Information
    RAND Journal of Economics, 2001, 32, (2), 334-51 View citations
22. The Many Faces of Information Disclosure
    Review of Financial Studies, 2001, 14, (4), 1021-57 View citations
    See also Working Paper (1998)

2000

23. Can Relationship Banking Survive Competition?
    Journal of Finance, 2000, 55, (2), 679-713 View citations
    See also Working Paper (1998)
24. JFI Most Significant Paper Prize for Volume 8
    Journal of Financial Intermediation, 2000, 9, (4), 321-321
    Also in Journal of Financial Intermediation, 1999, 8, (3), 121-121 (1999)
    Journal of Financial Intermediation, 1998, 7, (3), 219-219 (1998)
25. Relationship Banking
    Journal of Financial Intermediation, 2000, 9, (1), 3-5 View citations

1999

26. Information technology and financial services consolidation
    Journal of Banking & Finance, 1999, 23, (2-4), 697-700 View citations
27. Megamergers and expanded scope: Theories of bank size and activity diversity
    Journal of Banking & Finance, 1999, 23, (2-4), 195-214 View citations

1998

28. A Brief Retrospective and Prospective Look atThe Journal of Financial Intermediation: 1990-1998
    Journal of Financial Intermediation, 1998, 7, (4), 331-337
29. Bank efficiency and financial system evolution: an analysis of complementary problems in transitional and state-dominated economies
    Research in Economics, 1998, 52, (3), 271-284 View citations
30. Comment on Trester
    Journal of Banking & Finance, 1998, 22, (6-8), 700-701 View citations
31. Corporate Control Through Board Dismissals and Takeovers
    Journal of Economics & Management Strategy, 1998, 7, (4), 489-520 View citations
32. The Economics of Bank Regulation
    Journal of Money, Credit and Banking, 1998, 30, (4), 745-70 View citations
    See also Working Paper (1995)

1997

33. Bank Loan Commitment Contracts: Data, Theory, and Tests
    Journal of Money, Credit and Banking, 1997, 29, (4), 517-34 View citations
34. Banking Scope and Financial Innovation
    Review of Financial Studies, 1997, 10, (4), 1099-1131 View citations
35. EVA AND TOTAL QUALITY MANAGEMENT
    Journal of Applied Corporate Finance, 1997, 10, (2), 81-89 View citations
36. Financial System Architecture
    Review of Financial Studies, 1997, 10, (3), 693-733 View citations
    See also Working Paper (1995)

1996

37. Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence
    Journal of Finance, 1996, 51, (1), 279-324 View citations
38. Financial conglomeration: Issues and questions
    The North American Journal of Economics and Finance, 1996, 7, (2), 135-145 View citations
39. The design of financial systems: An overview
    Journal of Banking & Finance, 1996, 20, (5), 917-948 View citations

1995

40. Capital requirements, loan renegotiation and the borrower's choice of financing source
    Journal of Banking & Finance, 1995, 19, (3-4), 693-711 View citations

1994

41. A "Barter" Theory of Bank Regulation and Credit Allocation
    Journal of Money, Credit and Banking, 1994, 26, (3), 679-705 View citations
    Also in Proceedings, 1994, 679-709 (1994) View citations
42. Firm-Specific Human Capital and Optimal Capital Structure
    International Economic Review, 1994, 35, (2), 283-308 View citations
43. Managerial performance, boards of directors and takeover bidding
    Journal of Corporate Finance, 1994, 1, (1), 63-90 View citations
44. Moral Hazard and Secured Lending in an Infinitely Repeated Credit Market Game
    International Economic Review, 1994, 35, (4), 899-920 View citations

1993

45. An empirical analysis of the costs of regulatory compliance
    Proceedings, 1993, (May), 549-568 View citations
46. Contemporary Banking Theory
    Journal of Financial Intermediation, 1993, 3, (1), 2-50 View citations
47. Corporate Investments and Finance
    Financial Management, 1993, 22, (2) View citations
48. Information, Investment Horizon, and Price Reactions
    Journal of Financial and Quantitative Analysis, 1993, 28, (04), 459-482 View citations
    See also Working Paper (2004)
49. Reputation and Discretion in Financial Contracting
    American Economic Review, 1993, 83, (5), 1165-83 View citations
50. Response to "A Note on the Nonexistence of a Rationing Equilibrium in the Besanko-Thakor Model."
    International Economic Review, 1993, 34, (3), 739-40
51. Security Design
    Journal of Finance, 1993, 48, (4), 1349-78 View citations
    See also Working Paper (1992)
52. Self-Interested Bank Regulation
    American Economic Review, 1993, 83, (2), 206-12 View citations

1992

53. Banking deregulation: Allocational consequences of relaxing entry barriers
    Journal of Banking & Finance, 1992, 16, (5), 909-932 View citations
54. Is Fairly Priced Deposit Insurance Possible?
    Journal of Finance, 1992, 47, (1), 227-45 View citations
    See also Working Paper (2004)
55. Litigation Risk, Intermediation, and the Underpricing of Initial Public Offerings
    Review of Financial Studies, 1992, 5, (4), 709-42 View citations
56. Managerial Conservatism, Project Choice, and Debt
    Review of Financial Studies, 1992, 5, (3), 437-70 View citations

1991

57. Cooperation versus Competition in Agency
    Journal of Law, Economics and Organization, 1991, 7, (2), 248-83 View citations
58. Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance
    Journal of Banking & Finance, 1991, 15, (3), 605-632 View citations
59. Game Theory in Finance
    Financial Management, 1991, 20, (1)
60. Off-balance sheet liabilities, deposit insurance and capital regulation
    Journal of Banking & Finance, 1991, 15, (4-5), 825-846 View citations
61. Secured Lending and Default Risk: Equilibrium Analysis, Policy Implications and Empirical Results
    Economic Journal, 1991, 101, (406), 458-72 View citations

1990

62. Investment "Myopia" and the Internal Organization of Capital Allocation Decisions
    Journal of Law, Economics and Organization, 1990, 6, (1), 129-54 View citations
63. Learning, Corporate Control and Performance Requirements in Venture Capital Contracts
    International Economic Review, 1990, 31, (2), 365-81 View citations
64. Shareholder Preferences and Dividend Policy
    Journal of Finance, 1990, 45, (4), 993-1018 View citations
    See also Working Paper (2004)

1989

65. Bank Reserve Requirements as an Impediment to Signaling
    Economic Inquiry, 1989, 27, (1), 75-91
66. Competitive Equilibrium with Type Convergence in an Asymmetrically Informed Market
    Review of Financial Studies, 1989, 2, (1), 49-71

1988

67. Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: Reply
    Journal of Money, Credit and Banking, 1988, 20, (4), 696-97
68. Private versus Public Ownership: Investment, Ownership Distribution, and Optimality
    Journal of Finance, 1988, 43, (1), 41-59 View citations
    See also Working Paper (2004)

1987

69. A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends
    Journal of Finance, 1987, 42, (2), 365-94 View citations
    See also Working Paper (2004)
70. An economic rationale for the pricing structure of bank loan commitments
    Journal of Banking & Finance, 1987, 11, (2), 271-289 View citations
    See also Working Paper (2004)
71. Asset Writedowns: Managerial Incentives and Security Returns: Discussion
    Journal of Finance, 1987, 42, (3), 661-63
72. Bank funding modes: Securitization versus deposits
    Journal of Banking & Finance, 1987, 11, (3), 379-401 View citations
73. Collateral and Competitive Equilibria with Moral Hazard and Private Information
    Journal of Finance, 1987, 42, (2), 345-63 View citations
    See also Working Paper (2004)
74. Collateral and Rationing: Sorting Equilibria in Monopolistic and Competitive Credit Markets
    International Economic Review, 1987, 28, (3), 671-89 View citations
75. Competition, risk neutrality and loan commitments
    Journal of Banking & Finance, 1987, 11, (3), 449-471 View citations
    See also Working Paper (2004)
76. Competitive equilibrium in the credit market under asymmetric information
    Journal of Economic Theory, 1987, 42, (1), 167-182 View citations
    See also Working Paper (2004)
77. Optimal capital structure and project financing
    Journal of Economic Theory, 1987, 42, (2), 209-243 View citations
    See also Working Paper (2004)

1986

78. Information reusability, competition and bank asset quality
    Journal of Banking & Finance, 1986, 10, (2), 243-253 View citations
    See also Working Paper (2004)

1985

79. Incentive effects of benevolent intervention: The case of government loan guarantees
    Journal of Public Economics, 1985, 26, (2), 169-189 View citations
    See also Working Paper (2004)
80. Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
    Journal of Finance, 1985, 40, (5), 1403-22 View citations
    See also Working Paper (2004)
81. The deterioration of bank asset quality
    Proceedings, 1985, 268-284 View citations

1984

82. Information Reliability and a Theory of Financial Intermediation
    Review of Economic Studies, 1984, 51, (3), 415-32 View citations
83. Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis: A Note
    Journal of Money, Credit and Banking, 1984, 16, (3), 344-51
84. The Valuation of Assets under Moral Hazard
    Journal of Finance, 1984, 39, (1), 229-38 View citations
    See also Working Paper (2004)

1983

85. Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing
    Journal of Financial and Quantitative Analysis, 1983, 18, (02), 229-256 View citations
    See also Working Paper (2004)
86. Screening, Market Signalling, and Capital Structure Theory
    Journal of Finance, 1983, 38, (5), 1507-18
    See also Working Paper (2004)

1982

87. An Exploration of Competitive Signalling Equilibria with "Third Party" Information Production: The Case of Debt Insurance
    Journal of Finance, 1982, 37, (3), 717-39 View citations
    See also Working Paper (2004)
88. Capital Accumulation and Deposit Pricing in Mutual Financial Institutions
    Journal of Financial and Quantitative Analysis, 1982, 17, (05), 705-725 View citations
    See also Working Paper (2004)
89. Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium
    Journal of Financial and Quantitative Analysis, 1982, 17, (04), 503-532 View citations
    See also Working Paper (2004)
90. Toward a theory of bank loan commitments
    Journal of Banking & Finance, 1982, 6, (1), 55-83
    See also Working Paper (2004)

Edited books

2002

1. Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe, vol 1
   MIT Press Books, The MIT Press

Editor

1. Journal of Financial Intermediation
   Elsevier