Skip to main content

Anleihen als neue Formen der Kreditfinanzierung

  • Chapter
Handbuch Finanzmanagement in der Praxis

Zusammenfassung

In den letzten 30 Jahren hat sich eine wachsende Zahl von Finanztransaktionen weg vom Bankensektor hin zum Kapitalmarkt verlagert. Ausgehend von den USA waren dabei weltweit verschiedene Trends zu beobachten.1

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 229.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Literaturhinweise

  • Arrow, K. J., The economics of agency, in: Pratt, J.W./Zeckhauser, R.J., Principals and Agents, The Structure of Business, Boston/Mass. 1985.

    Google Scholar 

  • Berlin, M./Loeys, J., Bond Covenants and Delegated Monitoring, in: The Journal of Finance, Vol. XLIII, No. 2, June 1988, 397–412.

    Google Scholar 

  • Blackwell, D./Kidwell, D., An Investigation of Costs Differences between Public Sales and Private Placements of Debt, in: Journal of Financial Economics 22, December 1988, 253–278.

    Google Scholar 

  • Chemmanur, T./Fulghieri, P., Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt, in: The Review of Financial Studies, Fall 1994, Vol. 7, No. 3, 475–506.

    Google Scholar 

  • Chen, A. H./Mazumdar, S. C./Yan, Y., Monitoring and bank loan pricing, in: Pacific-Basin Finance Journal 8, 2000, 1–24.

    Google Scholar 

  • Deutsche Bank AG, Euro Commercial Paper: A Guide For Investors, Präsentation März 2003.

    Google Scholar 

  • Diamond, D., Financial Intermediation and Delegated Monitoring, in: The Review of Economic Studies 51, July 1984, 393–414.

    Google Scholar 

  • Diamond, D., Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt, in: Journal of Political Economy, 1991, Vol. 99, No. 4, 689–721.

    Google Scholar 

  • Esho, N./Lam, Y./Sharpe, I. G., Are maturity and Debt Type Decisions interrelated? Evidence from Australian firms in international Capital markets, in: Pacific-Basin Finance Journal 10, 2002, 549–569.

    Google Scholar 

  • Fama, E., What’s different about banks?, in: Journal of Monetary Economics 15, 1985, 29–39.

    Google Scholar 

  • Johnson, S. A., An Empirical Analysis of the Determinants of Corporate Debt Ownership Structure, in: Journal of Financial and Quantitative Analysis, Vol. 32, No. 1, March 1997.

    Google Scholar 

  • Krishnaswami, S./Spindt, P. A./Subramaninam, V., Information asymmetry, monitoring, and the placement structure of corporate debt, in: Journal of Financial Economics 51, 1999, 407–434.

    Google Scholar 

  • Merrill Lynch, Bond Index Rules & Definitions, 12.10.2000, www.ml.com.

    Google Scholar 

  • Myers, S. C., Determinants of corporate borrowing, in: Journal of Financial Economics 5, 1977, 147–175.

    Google Scholar 

  • Nakamura, L., Commercial Bank Information, Implications for the Structure of Banking, in: Klausner, M./White, L., eds, Homewood, IL, Structural Change in Banking, Business One/Irwin, 1993.

    Google Scholar 

  • Pratt, J. W./Zeckhauser, R. J., Principals and agents, An overview, in: Pratt, J.W./Zeckhauser, R.J., Principals and Agents, The Structure of Business, Boston/Mass. 1985.

    Google Scholar 

  • Rao, A./Edmunds, J., Ban Financing and Shareholder Wealth, in: European Management Journal, Vol. 19, Nr. 2, 2001, 168–173.

    Google Scholar 

  • Saidenberg, M. R./Strahan, P. E., Are Banks Still important for Financing Large Businesses?, in: Federal Reserve Bank of New York, Current Issues in Economics and Finance, Vol. 5, Nr. 12, August 1999.

    Google Scholar 

  • Schmidt, R. H., Grundzüge der Investitions- und Finanzierungstheorie, 2. Aufl., Wiesbaden 1990.

    Google Scholar 

  • Schuhmann, J., Grundzüge der mikroökonomischen Theorie, 6. Auflage, 1992.

    Book  Google Scholar 

  • Yosha, O., Information Disclosure Cost and the Choice of Financing Source, in: Journal of Financial Intermediation, Vol. 4, Jan. 1995, 3–20.

    Google Scholar 

Download references

Authors

Editor information

Richard Guserl Helmut Pernsteiner

Rights and permissions

Reprints and permissions

Copyright information

© 2004 Springer Fachmedien Wiesbaden

About this chapter

Cite this chapter

Permoser, G., Kontriner, K. (2004). Anleihen als neue Formen der Kreditfinanzierung. In: Guserl, R., Pernsteiner, H. (eds) Handbuch Finanzmanagement in der Praxis. Gabler Verlag, Wiesbaden. https://doi.org/10.1007/978-3-322-90488-1_31

Download citation

  • DOI: https://doi.org/10.1007/978-3-322-90488-1_31

  • Publisher Name: Gabler Verlag, Wiesbaden

  • Print ISBN: 978-3-322-90489-8

  • Online ISBN: 978-3-322-90488-1

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics