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- Publications
- Influence
The Benefits of Lending Relationships: Evidence from Small Business Data
- M. Petersen, Raghuram G. Rajan, Raghuram G. Rajan, Raghuram G. Rajan
- Economics
- 1 March 1994
This paper empirically examines how ties between a firm and its creditors affect the availability and cost of funds to the firm. The authors analyze data collected in a survey of small firms by the… Expand
The Effect of Credit Market Competition on Lending Relationships
- M. Petersen, R. Rajan
- Economics, Business
- 1 November 1994
This paper provides a simple model showing that the extent of competition in credit markets is important in determining the value of lending relationships. Creditors are more likely to finance credit… Expand
Trade Credit: Theories and Evidence
- M. Petersen, R. Rajan
- Business
- 1 June 1996
In addition to borrowing from financial institutions, firms may be financed by their suppliers. Although there are many theories explaining why non-financial firms lend money, there are few… Expand
Does the Source of Capital Affect Capital Structure?
- Michael W. Faulkender, M. Petersen
- Economics, Business
- 1 September 2003
Empirical examinations of capital structure have led some to conclude that firms are under-levered. Implicit in this argument and much of the empirical work on leverage is the assumption that the… Expand
Trade Credit: Theories and Evidence
- M. Petersen, R. Rajan
- Economics
- 1 July 1997
In addition to borrowing from financial institutions, firms may be financed by their suppliers. Although there are many theories explaining why non-financial firms lend money, there are few… Expand
Does Distance Still Matter? The Information Revolution in Small Business Lending
- M. Petersen, R. Rajan
- Business, Economics
- 1 May 2000
The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more distant lenders, they are also communicating with them in more impersonal ways.… Expand
The Benefits of Firm-Creditor Relationships: Evidence from small business data. *
- M. Petersen, R. Rajan
- Business
- 1993
This paper empirically examines how close ties between a firm and its creditors affects the availability and the costs of funds to the firm. We analyze data collected in a survey of small firms by… Expand
- 421
- 36
Information: Hard and Soft
- J. Liberti, M. Petersen
- Business
- 1 September 2018
Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms. We define what is meant by hard and soft information and describe the relative… Expand
Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks
- A. Berger, N. Miller, M. Petersen, R. Rajan, J. Stein
- Economics
- 1 January 2002
Theories based on incomplete contracting suggest that small organizations may do better than large organizations in activities that require the processing of soft information. We explore this idea in… Expand
The Benefits of Lending Relationships: Evidence from Small
- M. Petersen, R. Rajan
- Business
- 1994
This paper empirically examines how ties between a firm and its creditors affect the availability and cost of funds to the firm. We analyze data collected in a survey of small firms by the Small… Expand