search query: @author Houston, J.F. / total: 2
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| Author: | Houston, J.F. James, C.M. |
| Title: | Do relationships have limits? Banking relationships, financial constraints, and investment |
| Journal: | Journal of Business
2001 : JUL,VOL. 74:3, p. 347-374 |
| Index terms: | BANKING FINANCING INVESTMENT USA |
| Language: | eng |
| Abstract: | Using detailed information on the debt structure of 250 publicly traded firms over the 1980-93 period, the authors find that the sensitivity of investment to internally generated funds increases with a firm's reliance on bank financing. Bank-dependent firms also hold larger stocks of liquid assets and have lower dividend payout rates. |
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