Subordinated debt as instrument of market discipline: Risk sensitivity of sub-debt yield spreads in UK banking

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

Robert C. Merton · The Journal of Finance · 1974 · 11K citations · Full text

Business, Finance, Asset Pricing +16

The Role of Demandable Debt in Structuring Optimal Banking Arrangements

Charles W. Calomiris, Charles M. Kahn · Illinois Digital Environment for Access to Learning and Scholarship (University of Illinois at Urbana-Champaign) · 1991 · 1.5K citations · Full text

Business, Economics, Finance +12

Evidence of Bank Market Discipline in Subordinated Debenture Yields: 1983–1991

Mark J. Flannery, Sorin M. Sorescu · The Journal of Finance · 1996 · 662 citations

Business, Economics, Finance +11

Do capital adequacy requirements reduce risks in banking?

Jürg Blum · Journal of Banking & Finance · 1999 · 553 citations

Business, Economics, Finance +12

Debt maturity and the deadweight cost of leverage: Optimally financing banking firms

Mark J. Flannery · American Economic Review · 1991 · 369 citations

Management, Business Economics, Finance +16