Why is Bank Debt Senior? A Theory of Priority Based on Influence Costs

Insiders and Outsiders: The Choice between Informed and Arm's‐Length Debt

Raghuram G. Rajan · The Journal of Finance · 1992 · 3.8K citations

Business, Finance, Banking +16

The effect of capital structure on a firm's liquidation decision

Sheridan Titman · Journal of Financial Economics · 1984 · 1.6K citations

Business, Business Economics, Finance +14

Optimal Debt Structure and the Number of Creditors

Patrick Bolton, David Scharfstein · Journal of Political Economy · 1996 · 1.5K citations

Business, Business Economics, Finance +17

Covenants and Collateral as Incentives to Monitor

Raghuram G. Rajan, Andrew Winton · The Journal of Finance · 1995 · 1.2K citations

Business, Contract Law, Finance +12

Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt

Thomas J. Chemmanur, Paolo Fulghieri · Review of Financial Studies · 1994 · 725 citations

Business, Entrepreneurship, Finance +11