Conference Paper
The effect of regulatory oversight on internal and external mechanisms to change corporate control
Cook, Douglas O.; Hogan, Arthur; Kieschnick, Robert (1996)
Proceedings , Paper 496

Conference Paper
Loan rates vs. public debt rates: do loan rates reflect special values to the borrower or information intensive lending?
Spellman, Lewis J.; Cook, Douglas O. (2006)
Bank loans and public debt are competing funding sources for firms without barriers to public debt markets. With firms seeking the least costly funding and investors in both public debt markets and bank loan markets seeking the highest return for the same firm risk, it would seem that arbitrage on both sides of the market would cause the law of one price to prevail. However, there are two bodies of literature suggesting that loan rates and public debt rates for the same firm might be different. The arguments hinge either on bank loan ?special values?, allowing a bank lender to extract a ...
Proceedings , Paper 1028