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 in St. Louis, (more information at EDIRC)

Access statistics for papers by Anjan V. Thakor.

Last updated 2022-03-27. Update your information in the RePEc Author Service.

Short-id: pth44

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Working Papers

2021

1. P2P lenders versus banks: Cream skimming or bottom fishing?
   SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE View citations (25)
2. The carrot and the stick: Bank bailouts and the disciplining role of board appointments
   SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE View citations (4)

2019

3. Intermediation Variety
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Intermediation Variety, Journal of Finance, American Finance Association (2021) View citations (3) (2021)

2016

4. The Structure of Banker's Pay
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
5. Warehouse Banking
   2016 Meeting Papers, Society for Economic Dynamics
   See also Journal Article Warehouse banking, Journal of Financial Economics, Elsevier (2018) View citations (2) (2018)

2015

6. Bank Capital, Bank Credit and Unemployment
   2015 Meeting Papers, Society for Economic Dynamics View citations (3)

2013

7. Notes on financial system development and political intervention
   Policy Research Working Paper Series, The World Bank View citations (8)

2012

8. Caught between Scylla and Charybdis? Regulating bank leverage when there is rent-seeking and risk-shifting
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
   Also in Staff Reports, Federal Reserve Bank of New York (2010) View citations (16)
   Working Papers (Old Series), Federal Reserve Bank of Cleveland (2010) View citations (12)
   See also Journal Article Caught between Scylla and Charybdis? Regulating Bank Leverage When There Is Rent Seeking and Risk Shifting, The Review of Corporate Finance Studies, Society for Financial Studies (2016) View citations (53) (2016)
9. Robust Capital Regulation
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
   Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (6)
   See also Journal Article Robust capital regulation, Current Issues in Economics and Finance, Federal Reserve Bank of New York (2012) View citations (9) (2012)

2009

10. Bank capital and value in the cross section
    Staff Reports, Federal Reserve Bank of New York View citations (7)

2006

11. Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2006) View citations (1)
    See also Journal Article Market Liquidity, Investor Participation, and Managerial Autonomy: Why Do Firms Go Private?, Journal of Finance, American Finance Association (2008) View citations (30) (2008)

2004

12. A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchase and Dividends
    Finance, University Library of Munich, Germany View citations (2)
    See also Journal Article A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends, Journal of Finance, American Finance Association (1987) View citations (103) (1987)
13. An Economic Rationale for the Pricing Structure of Bank Loan Commitments
    Finance, University Library of Munich, Germany
    See also Journal Article An economic rationale for the pricing structure of bank loan commitments, Journal of Banking & Finance, Elsevier (1987) View citations (35) (1987)
14. An Exploration of Competitive Signalling Equilibria with 'Third Party' Information Production: The Case of Debt Insurance
    Finance, University Library of Munich, Germany
    See also Journal Article An Exploration of Competitive Signalling Equilibria with "Third Party" Information Production: The Case of Debt Insurance, Journal of Finance, American Finance Association (1982) View citations (17) (1982)
15. Bank Funding Modes
    Finance, University Library of Munich, Germany
16. Bank Loan Commitments and Interest Rate Volatility
    Finance, University Library of Munich, Germany View citations (3)
17. Capital Accumulation and Deposit Pricing in Mutual Financial Institutions
    Finance, University Library of Munich, Germany
    See also Journal Article Capital Accumulation and Deposit Pricing in Mutual Financial Institutions, Journal of Financial and Quantitative Analysis, Cambridge University Press (1982) View citations (8) (1982)
18. Capital Requirements, Monetary Policy, and Aggregate Bank
    Finance, University Library of Munich, Germany
19. Collateral and Competitive Equilibria with Moral Hazard and Private Information
    Finance, University Library of Munich, Germany View citations (11)
    See also Journal Article Collateral and Competitive Equilibria with Moral Hazard and Private Information, Journal of Finance, American Finance Association (1987) View citations (170) (1987)
20. Competition, Risk Neutrality and Loan Commitments
    Finance, University Library of Munich, Germany View citations (6)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1987) View citations (43)
    Research Memorandum, Tilburg University, School of Economics and Management (1987) View citations (47)
    See also Journal Article Competition, risk neutrality and loan commitments, Journal of Banking & Finance, Elsevier (1987) View citations (43) (1987)
21. Competitive Equilibrium in the Credit Market under Asymmetric Information
    Finance, University Library of Munich, Germany View citations (4)
    See also Journal Article Competitive equilibrium in the credit market under asymmetric information, Journal of Economic Theory, Elsevier (1987) View citations (179) (1987)
22. Continuous Signaling Within Partitions: Capital Structure and the FIFO/LIFO Choice
    Finance, University Library of Munich, Germany
23. Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing
    Finance, University Library of Munich, Germany View citations (2)
    See also Journal Article Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing, Journal of Financial and Quantitative Analysis, Cambridge University Press (1983) View citations (6) (1983)
24. Go Public or Stay Private: A Theory of Entrepreneurial Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003) View citations (1)
25. Incentive Effects of Benevolent Intervention - The case of government loan guarantees
    Finance, University Library of Munich, Germany
    See also Journal Article Incentive effects of benevolent intervention: The case of government loan guarantees, Journal of Public Economics, Elsevier (1985) View citations (19) (1985)
26. Information Reusability, Competition and Bank Asset Quality
    Finance, University Library of Munich, Germany View citations (8)
    See also Journal Article Information reusability, competition and bank asset quality, Journal of Banking & Finance, Elsevier (1986) View citations (111) (1986)
27. Information, Investment Horizon, and Price Reactions
    Finance, University Library of Munich, Germany View citations (2)
    See also Journal Article Information, Investment Horizon, and Price Reactions, Journal of Financial and Quantitative Analysis, Cambridge University Press (1993) View citations (12) (1993)
28. Is Fairly Priced Deposit Insurance Possible?
    Finance, University Library of Munich, Germany View citations (17)
    See also Journal Article Is Fairly Priced Deposit Insurance Possible?, Journal of Finance, American Finance Association (1992) View citations (182) (1992)
29. Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
    Finance, University Library of Munich, Germany
    See also Journal Article Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies, Journal of Finance, American Finance Association (1985) View citations (112) (1985)
30. Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium
    Finance, University Library of Munich, Germany View citations (1)
    See also Journal Article Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium, Journal of Financial and Quantitative Analysis, Cambridge University Press (1982) View citations (2) (1982)
31. Optimal Capital Structure and Project Financing
    Finance, University Library of Munich, Germany View citations (1)
    See also Journal Article Optimal capital structure and project financing, Journal of Economic Theory, Elsevier (1987) View citations (40) (1987)
32. Private versus Public Ownership: Investment, Ownership Distribution, and Optimality
    Finance, University Library of Munich, Germany
33. Regulatory Pricing and Capital Investment under Asymmetric Information about Cost
    Finance, University Library of Munich, Germany
34. Relationship Banking, Deposit Insurance and Bank Portfolio Choice
    Finance, University Library of Munich, Germany View citations (7)
35. Screening, Market Signalling, and Capital Structure Theory
    Finance, University Library of Munich, Germany
    See also Journal Article Screening, Market Signalling, and Capital Structure Theory, Journal of Finance, American Finance Association (1983) View citations (4) (1983)
36. Shareholder Preferences and Dividend Policy
    Finance, University Library of Munich, Germany
    See also Journal Article Shareholder Preferences and Dividend Policy, Journal of Finance, American Finance Association (1990) View citations (101) (1990)
37. The Valuation of Assets under Moral Hazard
    Finance, University Library of Munich, Germany
    See also Journal Article The Valuation of Assets under Moral Hazard, Journal of Finance, American Finance Association (1984) View citations (13) (1984)
38. Toward a Theory of Bank Loan Commitments
    Finance, University Library of Munich, Germany View citations (1)
    See also Journal Article Toward a theory of bank loan commitments, Journal of Banking & Finance, Elsevier (1982) View citations (10) (1982)
39. Why Do Firms Smooth Earnings?
    Finance, University Library of Munich, Germany View citations (14)

2003

40. 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)
41. The Economic Value of Flexibility When There is Disagreement
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2003) View citations (2)

2002

42. Evolution of Organizational Scale and Scope
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
43. Sunflower Management and Capital Budgeting
    Tinbergen Institute Discussion Papers, Tinbergen Institute
    See also Journal Article Sunflower Management and Capital Budgeting, The Journal of Business, University of Chicago Press (2005) View citations (6) (2005)

1998

44. Expansion of Banking Scale and Scope: Don't Banks Know the Value of Focus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
45. The Many Faces of Information Disclosure
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (1)
    See also Journal Article The Many Faces of Information Disclosure, The Review of Financial Studies, Society for Financial Studies (2001) View citations (52) (2001)

1997

46. Can Relationship Banking Survive Competition?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    See also Journal Article Can Relationship Banking Survive Competition?, Journal of Finance, American Finance Association (2000) View citations (687) (2000)
47. Romanian Financial System Reform
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (2)

1995

48. Banking Scope, Financial Innovation, and the Evolution of the Financial System
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
49. Financial System Architecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article Financial System Architecture, The Review of Financial Studies, Society for Financial Studies (1997) View citations (207) (1997)
50. The Economics of Bank Regulation
    Working Papers, CEMFI View citations (4)
    Also in DEE - Working Papers. Business Economics. WB, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa (1995) View citations (7)
    Working Papers, Centro de Estudios Monetarios Y Financieros- (1995) View citations (1)
    See also Journal Article The Economics of Bank Regulation, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (189) (1998)

1993

51. An empirical analysis of the costs of regulatory compliance
    Proceedings, Federal Reserve Bank of Chicago View citations (8)

1992

52. Security Design
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX. View citations (2)
    See also Journal Article Security Design, Journal of Finance, American Finance Association (1993) View citations (126) (1993)

1987

53. Collateral and borrower risk
    Research Memorandum, Tilburg University, School of Economics and Management
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1987)
54. Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Research Memorandum, Tilburg University, School of Economics and Management (1987)
    See also Journal Article Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance, Journal of Banking & Finance, Elsevier (1991) View citations (38) (1991)
55. Dynamic equilibrium in a competitive credit market: Intertemporal contracting as insurance against rationing
    Research Memorandum, Tilburg University, School of Economics and Management
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1987)
56. Dynamic equilibrium in a competitive credit market: Intertemporal contracting as insurance against rationing (Appendix)
    Research Memorandum, Tilburg University, School of Economics and Management
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1987)

1985

57. The deterioration of bank asset quality
    Proceedings, Federal Reserve Bank of Chicago View citations (2)

1983

58. 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

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

Journal Articles

2021

1. Ethics, Culture, and Higher Purpose in Banking: Post-Crisis Governance Developments
   International Journal of Central Banking, 2021, 17, (71), 31 View citations (1)
2. Intermediation Variety
   Journal of Finance, 2021, 76, (6), 3103-3152 View citations (3)
   See also Working Paper Intermediation Variety, NBER Working Papers (2019) (2019)
3. Politics, credit allocation and bank capital requirements
   Journal of Financial Intermediation, 2021, 45, (C) View citations (12)

2020

4. Corrigendum to: Fintech and Banking: What Do We Know?
   Journal of Financial Intermediation, 2020, 43, (C) View citations (208)
5. Disagreement-induced CEO turnover
   Journal of Financial Intermediation, 2020, 43, (C) View citations (7)
6. Fintech and banking: What do we know?
   Journal of Financial Intermediation, 2020, 41, (C) View citations (113)

2019

7. Bank culture
   Journal of Financial Intermediation, 2019, 39, (C), 59-79
8. Household Debt Overhang and Unemployment
   Journal of Finance, 2019, 74, (3), 1473-1502 View citations (23)

2018

9. Post-crisis regulatory reform in banking: Address insolvency risk, not illiquidity!
   Journal of Financial Stability, 2018, 37, (C), 107-111 View citations (26)
10. Warehouse banking
    Journal of Financial Economics, 2018, 129, (2), 250-267 View citations (2)
    See also Working Paper Warehouse Banking, 2016 Meeting Papers (2016) (2016)

2016

11. Caught between Scylla and Charybdis? Regulating Bank Leverage When There Is Rent Seeking and Risk Shifting
    The Review of Corporate Finance Studies, 2016, 5, (1), 36-75 View citations (53)
    See also Working Paper Caught between Scylla and Charybdis? Regulating bank leverage when there is rent-seeking and risk-shifting, CEPR Discussion Papers (2012) View citations (9) (2012)
12. Corporate culture in banking
    Economic Policy Review, 2016, (Aug), 5-16 View citations (16)
13. The dark side of liquidity creation: Leverage and systemic risk
    Journal of Financial Intermediation, 2016, 28, (C), 4-21 View citations (59)
14. The highs and the lows: A theory of credit risk assessment and pricing through the business cycle
    Journal of Financial Intermediation, 2016, 25, (C), 1-29 View citations (18)

2015

15. Information reliability and welfare: A theory of coarse credit ratings
    Journal of Financial Economics, 2015, 115, (3), 541-557 View citations (37)
16. Lending Booms, Smart Bankers, and Financial Crises
    American Economic Review, 2015, 105, (5), 305-09 View citations (25)
17. Strategic information disclosure when there is fundamental disagreement
    Journal of Financial Intermediation, 2015, 24, (2), 131-153 View citations (17)
18. The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn?
    The Review of Corporate Finance Studies, 2015, 4, (2), 155-205 View citations (37)

2014

19. Bank Capital and Financial Stability: An Economic Trade-Off or a Faustian Bargain?
    Annual Review of Financial Economics, 2014, 6, (1), 185-223 View citations (117)
20. Correlated leverage and its ramifications
    Journal of Financial Intermediation, 2014, 23, (4), 471-503 View citations (5)
21. Duration of Executive Compensation
    Journal of Finance, 2014, 69, (6), 2777-2817 View citations (89)

2013

22. Investor Heterogeneity, Investor-Management Disagreement and Share Repurchases
    The Review of Financial Studies, 2013, 26, (10), 2453-2491 View citations (27)
23. Notes on Financial System Development and Political Intervention-super-*
    The World Bank Economic Review, 2013, 27, (3), 491-513 View citations (8)

2012

24. Incentives to innovate and financial crises
    Journal of Financial Economics, 2012, 103, (1), 130-148 View citations (64)
25. Robust capital regulation
    Current Issues in Economics and Finance, 2012, 18, (May) View citations (9)
    See also Working Paper Robust Capital Regulation, CEPR Discussion Papers (2012) View citations (18) (2012)

2011

26. Managerial Autonomy, Allocation of Control Rights, and Optimal Capital Structure
    The Review of Financial Studies, 2011, 24, (10), 3434-3485 View citations (12)

2010

27. Do Envious CEOs Cause Merger Waves?
    The Review of Financial Studies, 2010, 23, (2), 487-517 View citations (35)
28. Financial System Architecture and the Co-evolution of Banks and Capital Markets
    Economic Journal, 2010, 120, (547), 1021-1055 View citations (69)
29. Shareholder-Manager Disagreement and Corporate Investment
    Review of Finance, 2010, 15, (2), 277-300 View citations (1)

2008

30. Issues in financial contracting and financial system architecture
    Journal of Financial Intermediation, 2008, 17, (1), 1-5
31. Market Liquidity, Investor Participation, and Managerial Autonomy: Why Do Firms Go Private?
    Journal of Finance, 2008, 63, (4), 2013-2059 View citations (30)
    See also Working Paper Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?, CEPR Discussion Papers (2006) View citations (1) (2006)
32. Overconfidence, CEO Selection, and Corporate Governance
    Journal of Finance, 2008, 63, (6), 2737-2784 View citations (237)

2007

33. Relationship Banking, Fragility, and the Asset-Liability Matching Problem
    The Review of Financial Studies, 2007, 20, (6), 2129-2177 View citations (85)
34. Why Do Firms Issue Equity?
    Journal of Finance, 2007, 62, (1), 1-54 View citations (86)

2006

35. Accounting, Transparency and Bank Stability
    Journal of Financial Intermediation, 2006, 15, (3), 281-284 View citations (7)
36. Commentary on \\"Is the United States bankrupt? \\"
    Review, 2006, 88, (Jul), 251-258 View citations (3)
37. Information Control, Career Concerns, and Corporate Governance
    Journal of Finance, 2006, 61, (4), 1845-1896 View citations (64)
38. The Entrepreneur's Choice between Private and Public Ownership
    Journal of Finance, 2006, 61, (2), 803-836 View citations (67)

2005

39. Financial intermediation as a beliefs-bridge between optimists and pessimists
    Journal of Financial Economics, 2005, 75, (3), 535-569 View citations (109)
40. Green with Envy: Implications for Corporate Investment Distortions
    The Journal of Business, 2005, 78, (6), 2255-2288 View citations (12)
41. Sunflower Management and Capital Budgeting
    The Journal of Business, 2005, 78, (2), 501-528 View citations (6)
    See also Working Paper Sunflower Management and Capital Budgeting, Tinbergen Institute Discussion Papers (2002) (2002)

2004

42. 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 View citations (1)
43. JFI special issue: Financial Structure and Monetary Policy Channels
    Journal of Financial Intermediation, 2004, 13, (4), 410-410 View citations (2)
44. Special issue on bank capital adequacy regulation under the new Basel Accord
    Journal of Financial Intermediation, 2004, 13, (2), 89-89 View citations (1)

2003

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

2002

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

2001

49. Corporate Governance in the Banking and Financial Services Industries
    Journal of Financial Intermediation, 2001, 10, (1), 105-106
50. Managerial Career Concerns and Investments in Information
    RAND Journal of Economics, 2001, 32, (2), 334-51 View citations (46)
51. The Many Faces of Information Disclosure
    The Review of Financial Studies, 2001, 14, (4), 1021-57 View citations (52)
    See also Working Paper The Many Faces of Information Disclosure, William Davidson Institute Working Papers Series (1998) View citations (1) (1998)

2000

52. Can Relationship Banking Survive Competition?
    Journal of Finance, 2000, 55, (2), 679-713 View citations (687)
    See also Working Paper Can Relationship Banking Survive Competition?, CEPR Discussion Papers (1997) View citations (48) (1997)
53. JFI Most Significant Paper Prize for Volume 8
    Journal of Financial Intermediation, 2000, 9, (4), 321-321
54. Relationship Banking
    Journal of Financial Intermediation, 2000, 9, (1), 3-5 View citations (43)

1999

55. Information technology and financial services consolidation
    Journal of Banking & Finance, 1999, 23, (2-4), 697-700 View citations (8)
56. JFI Most Significant Paper Prize for Volume 7
    Journal of Financial Intermediation, 1999, 8, (3), 121-121
57. Megamergers and expanded scope: Theories of bank size and activity diversity
    Journal of Banking & Finance, 1999, 23, (2-4), 195-214 View citations (67)

1998

58. A Brief Retrospective and Prospective Look atThe Journal of Financial Intermediation: 1990-1998
    Journal of Financial Intermediation, 1998, 7, (4), 331-337 View citations (5)
59. 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 (4)
60. Comment on Trester
    Journal of Banking & Finance, 1998, 22, (6-8), 700-701 View citations (2)
61. Corporate Control Through Board Dismissals and Takeovers
    Journal of Economics & Management Strategy, 1998, 7, (4), 489-520 View citations (28)
62. JFIMost Significant Paper Prize for Volume 6
    Journal of Financial Intermediation, 1998, 7, (3), 219-219
63. The Economics of Bank Regulation
    Journal of Money, Credit and Banking, 1998, 30, (4), 745-70 View citations (189)
    See also Working Paper The Economics of Bank Regulation, Working Papers (1995) View citations (4) (1995)

1997

64. Bank Loan Commitment Contracts: Data, Theory, and Tests
    Journal of Money, Credit and Banking, 1997, 29, (4), 517-34 View citations (95)
65. Banking Scope and Financial Innovation
    The Review of Financial Studies, 1997, 10, (4), 1099-1131 View citations (45)
66. EVA AND TOTAL QUALITY MANAGEMENT
    Journal of Applied Corporate Finance, 1997, 10, (2), 81-89 View citations (2)
67. Financial System Architecture
    The Review of Financial Studies, 1997, 10, (3), 693-733 View citations (207)
    See also Working Paper Financial System Architecture, CEPR Discussion Papers (1995) View citations (5) (1995)

1996

68. Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence
    Journal of Finance, 1996, 51, (1), 279-324 View citations (286)
69. Financial conglomeration: Issues and questions
    The North American Journal of Economics and Finance, 1996, 7, (2), 135-145 View citations (1)
70. The design of financial systems: An overview
    Journal of Banking & Finance, 1996, 20, (5), 917-948 View citations (58)

1995

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

1994

72. A "Barter" Theory of Bank Regulation and Credit Allocation
    Journal of Money, Credit and Banking, 1994, 26, (3), 679-705 View citations (4)
73. A \\"barter\\" theory of bank regulation and credit allocation
    Proceedings, 1994, 679-709 View citations (4)
74. Firm-Specific Human Capital and Optimal Capital Structure
    International Economic Review, 1994, 35, (2), 283-308 View citations (37)
75. Managerial performance, boards of directors and takeover bidding
    Journal of Corporate Finance, 1994, 1, (1), 63-90 View citations (34)
76. Moral Hazard and Secured Lending in an Infinitely Repeated Credit Market Game
    International Economic Review, 1994, 35, (4), 899-920 View citations (447)

1993

77. Contemporary Banking Theory
    Journal of Financial Intermediation, 1993, 3, (1), 2-50 View citations (522)
78. Corporate Investments and Finance
    Financial Management, 1993, 22, (2) View citations (7)
79. Information, Investment Horizon, and Price Reactions
    Journal of Financial and Quantitative Analysis, 1993, 28, (4), 459-482 View citations (12)
    See also Working Paper Information, Investment Horizon, and Price Reactions, Finance (2004) View citations (2) (2004)
80. Reputation and Discretion in Financial Contracting
    American Economic Review, 1993, 83, (5), 1165-83 View citations (217)
81. Response to "A Note on the Nonexistence of a Rationing Equilibrium in the Besanko-Thakor Model."
    International Economic Review, 1993, 34, (3), 739-40 View citations (7)
82. Security Design
    Journal of Finance, 1993, 48, (4), 1349-78 View citations (126)
    See also Working Paper Security Design, CEPR Financial Markets Paper (1992) View citations (2) (1992)
83. Self-Interested Bank Regulation
    American Economic Review, 1993, 83, (2), 206-12 View citations (199)

1992

84. Banking deregulation: Allocational consequences of relaxing entry barriers
    Journal of Banking & Finance, 1992, 16, (5), 909-932 View citations (79)
85. Is Fairly Priced Deposit Insurance Possible?
    Journal of Finance, 1992, 47, (1), 227-45 View citations (182)
    See also Working Paper Is Fairly Priced Deposit Insurance Possible?, Finance (2004) View citations (17) (2004)
86. Litigation Risk, Intermediation, and the Underpricing of Initial Public Offerings
    The Review of Financial Studies, 1992, 5, (4), 709-42 View citations (66)
87. Managerial Conservatism, Project Choice, and Debt
    The Review of Financial Studies, 1992, 5, (3), 437-70 View citations (192)

1991

88. Cooperation versus Competition in Agency
    The Journal of Law, Economics, and Organization, 1991, 7, (2), 248-83 View citations (54)
89. Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance
    Journal of Banking & Finance, 1991, 15, (3), 605-632 View citations (38)
    See also Working Paper Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance, Other publications TiSEM (1987) (1987)
90. Game Theory in Finance
    Financial Management, 1991, 20, (1) View citations (7)
91. Off-balance sheet liabilities, deposit insurance and capital regulation
    Journal of Banking & Finance, 1991, 15, (4-5), 825-846 View citations (38)
92. Secured Lending and Default Risk: Equilibrium Analysis, Policy Implications and Empirical Results
    Economic Journal, 1991, 101, (406), 458-72 View citations (278)

1990

93. Investment "Myopia" and the Internal Organization of Capital Allocation Decisions
    The Journal of Law, Economics, and Organization, 1990, 6, (1), 129-54 View citations (25)
94. Learning, Corporate Control and Performance Requirements in Venture Capital Contracts
    International Economic Review, 1990, 31, (2), 365-81 View citations (81)
95. Shareholder Preferences and Dividend Policy
    Journal of Finance, 1990, 45, (4), 993-1018 View citations (101)
    See also Working Paper Shareholder Preferences and Dividend Policy, Finance (2004) (2004)

1989

96. Bank Reserve Requirements as an Impediment to Signaling
    Economic Inquiry, 1989, 27, (1), 75-91
97. Competitive Equilibrium with Type Convergence in an Asymmetrically Informed Market
    The Review of Financial Studies, 1989, 2, (1), 49-71 View citations (6)

1988

98. Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: Reply
    Journal of Money, Credit and Banking, 1988, 20, (4), 696-97 View citations (1)

1987

99. 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 (103)
    See also Working Paper A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchase and Dividends, Finance (2004) View citations (2) (2004)
100. An economic rationale for the pricing structure of bank loan commitments
     Journal of Banking & Finance, 1987, 11, (2), 271-289 View citations (35)
     See also Working Paper An Economic Rationale for the Pricing Structure of Bank Loan Commitments, Finance (2004) (2004)
101. Asset Writedowns: Managerial Incentives and Security Returns: Discussion
     Journal of Finance, 1987, 42, (3), 661-63 View citations (2)
102. Bank funding modes: Securitization versus deposits
     Journal of Banking & Finance, 1987, 11, (3), 379-401 View citations (102)
103. Collateral and Competitive Equilibria with Moral Hazard and Private Information
     Journal of Finance, 1987, 42, (2), 345-63 View citations (170)
     See also Working Paper Collateral and Competitive Equilibria with Moral Hazard and Private Information, Finance (2004) View citations (11) (2004)
104. Collateral and Rationing: Sorting Equilibria in Monopolistic and Competitive Credit Markets
     International Economic Review, 1987, 28, (3), 671-89 View citations (487)
105. Competition, risk neutrality and loan commitments
     Journal of Banking & Finance, 1987, 11, (3), 449-471 View citations (43)
     See also Working Paper Competition, Risk Neutrality and Loan Commitments, Finance (2004) View citations (6) (2004)
106. Competitive equilibrium in the credit market under asymmetric information
     Journal of Economic Theory, 1987, 42, (1), 167-182 View citations (179)
     See also Working Paper Competitive Equilibrium in the Credit Market under Asymmetric Information, Finance (2004) View citations (4) (2004)
107. Optimal capital structure and project financing
     Journal of Economic Theory, 1987, 42, (2), 209-243 View citations (40)
     See also Working Paper Optimal Capital Structure and Project Financing, Finance (2004) View citations (1) (2004)

1986

108. Information reusability, competition and bank asset quality
     Journal of Banking & Finance, 1986, 10, (2), 243-253 View citations (111)
     See also Working Paper Information Reusability, Competition and Bank Asset Quality, Finance (2004) View citations (8) (2004)

1985

109. Incentive effects of benevolent intervention: The case of government loan guarantees
     Journal of Public Economics, 1985, 26, (2), 169-189 View citations (19)
     See also Working Paper Incentive Effects of Benevolent Intervention - The case of government loan guarantees, Finance (2004) (2004)
110. Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies
     Journal of Finance, 1985, 40, (5), 1403-22 View citations (112)
     See also Working Paper Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies, Finance (2004) (2004)

1984

111. Information Reliability and a Theory of Financial Intermediation
     The Review of Economic Studies, 1984, 51, (3), 415-432 View citations (453)
112. 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 View citations (39)
113. The Valuation of Assets under Moral Hazard
     Journal of Finance, 1984, 39, (1), 229-38 View citations (13)
     See also Working Paper The Valuation of Assets under Moral Hazard, Finance (2004) (2004)

1983

114. Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing
     Journal of Financial and Quantitative Analysis, 1983, 18, (2), 229-256 View citations (6)
     See also Working Paper Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing, Finance (2004) View citations (2) (2004)
115. Screening, Market Signalling, and Capital Structure Theory
     Journal of Finance, 1983, 38, (5), 1507-18 View citations (4)
     See also Working Paper Screening, Market Signalling, and Capital Structure Theory, Finance (2004) (2004)

1982

116. 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 (17)
     See also Working Paper An Exploration of Competitive Signalling Equilibria with 'Third Party' Information Production: The Case of Debt Insurance, Finance (2004) (2004)
117. Capital Accumulation and Deposit Pricing in Mutual Financial Institutions
     Journal of Financial and Quantitative Analysis, 1982, 17, (5), 705-725 View citations (8)
     See also Working Paper Capital Accumulation and Deposit Pricing in Mutual Financial Institutions, Finance (2004) (2004)
118. Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium
     Journal of Financial and Quantitative Analysis, 1982, 17, (4), 503-532 View citations (2)
     See also Working Paper Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium, Finance (2004) View citations (1) (2004)
119. Toward a theory of bank loan commitments
     Journal of Banking & Finance, 1982, 6, (1), 55-83 View citations (10)
     See also Working Paper Toward a Theory of Bank Loan Commitments, Finance (2004) View citations (1) (2004)

Books

2011

1. The Four Colors of Business Growth
   Elsevier Monographs, Elsevier View citations (1)

Edited books

2015

1. Contemporary Financial Intermediation
   Elsevier Monographs, Elsevier View citations (20)

2013

2. Innovation and Growth:What Do We Know?
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

2008

3. Handbook of Financial Intermediation and Banking
   Elsevier Monographs, Elsevier View citations (235)

2004

4. Credit, Intermediation, and the Macroeconomy: Readings and Perspectives in Modern Financial Theory
   OUP Catalogue, Oxford University Press View citations (4)

2002

5. Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe, vol 1
   MIT Press Books, The MIT Press View citations (20)

Chapters

2014

1. Leverage, System Risk and Financial System Health: How Do We Develop a Healthy Financial System?
   Palgrave Macmillan

2013

2. Innovation and Finance: A Survey
   Chapter 4 in Innovation and Growth What Do We Know?, 2013, pp 87-110
3. Innovation: An Overview
   Chapter 1 in Innovation and Growth What Do We Know?, 2013, pp 1-10
4. Unblocking Innovation: Breaking the Shackle of Assumptions
   Chapter 6 in Innovation and Growth What Do We Know?, 2013, pp 141-157

Editor

1. Journal of Financial Intermediation
   Elsevier