{"id":"https://openalex.org/W2046355924","doi":"https://doi.org/10.1108/03074351111146184","title":"Syndicated bank loans and capital structure","display_name":"Syndicated bank loans and capital structure","publication_year":2011,"publication_date":"2011-07-05","ids":{"openalex":"https://openalex.org/W2046355924","doi":"https://doi.org/10.1108/03074351111146184","mag":"2046355924"},"language":"en","primary_location":{"id":"doi:10.1108/03074351111146184","doi":"https://doi.org/10.1108/03074351111146184","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074351111146184","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066159189","display_name":"Halil D. Kaya","orcid":"https://orcid.org/0000-0002-7535-9857","observed_orcids":["https://orcid.org/0000-0002-7535-9857"]},"institutions":[{"id":"https://openalex.org/I110325482","display_name":"Eastern Kentucky University","ror":"https://ror.org/012xks909","country_code":"US","type":"education","lineage":["https://openalex.org/I110325482"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Halil D. Kaya","raw_affiliation_strings":["College of Business and Technology, Eastern Kentucky University, Richmond, Kentucky, USA","(College of Business & Technology Eastern Kentucky University, Richmond, Kentucky, USA)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business and Technology, Eastern Kentucky University, Richmond, Kentucky, USA","institution_ids":["https://openalex.org/I110325482"]},{"raw_affiliation_string":"(College of Business & Technology Eastern Kentucky University, Richmond, Kentucky, USA)","institution_ids":["https://openalex.org/I110325482"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5066159189"],"corresponding_institution_ids":["https://openalex.org/I110325482"],"apc_list":null,"apc_paid":null,"fwci":2.279,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.92636821,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"37","issue":"8","first_page":"697","last_page":"714"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/syndicated-loans","display_name":"syndicated loans","score":0.9850000143051147},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9620000123977661},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.8820000290870667},{"id":"https://openalex.org/keywords/leverage-ratio","display_name":"leverage ratio","score":0.7099999785423279},{"id":"https://openalex.org/keywords/market-timing-theory","display_name":"market timing theory","score":0.8659999966621399},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.7509999871253967}],"concepts":[{"id":"https://openalex.org/C2776931825","wikidata":"https://www.wikidata.org/wiki/Q1756052","display_name":"Syndicated loan","level":3,"score":0.795966625213623},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7153680920600891},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.6402203440666199},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5516406893730164},{"id":"https://openalex.org/C101433766","wikidata":"https://www.wikidata.org/wiki/Q3543263","display_name":"Maturity (psychological)","level":2,"score":0.5253576636314392},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4900263547897339},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4824274480342865},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.46339136362075806},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.46325621008872986},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.44493404030799866},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42691415548324585},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21094676852226257},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C138496976","wikidata":"https://www.wikidata.org/wiki/Q175002","display_name":"Developmental psychology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/03074351111146184","doi":"https://doi.org/10.1108/03074351111146184","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074351111146184","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W57720017","https://openalex.org/W1496286215","https://openalex.org/W1507965834","https://openalex.org/W1536256355","https://openalex.org/W1966435194","https://openalex.org/W1979631468","https://openalex.org/W2025655973","https://openalex.org/W2028427785","https://openalex.org/W2059752150","https://openalex.org/W2087964979","https://openalex.org/W2099724718","https://openalex.org/W2103068510","https://openalex.org/W2106637091","https://openalex.org/W2106707221","https://openalex.org/W2125720994","https://openalex.org/W2132347157","https://openalex.org/W2138593640","https://openalex.org/W2140345050","https://openalex.org/W2140358882","https://openalex.org/W2167351159","https://openalex.org/W2170790204","https://openalex.org/W3121408182","https://openalex.org/W3121973884","https://openalex.org/W3122153419","https://openalex.org/W3122355488","https://openalex.org/W3122398884","https://openalex.org/W3122420217","https://openalex.org/W3122420571","https://openalex.org/W3122467629","https://openalex.org/W3122550102","https://openalex.org/W3123142049","https://openalex.org/W3123161155","https://openalex.org/W3124114405","https://openalex.org/W3124117485","https://openalex.org/W3124303336","https://openalex.org/W3124450204","https://openalex.org/W3124871904","https://openalex.org/W3125087107","https://openalex.org/W3125237379","https://openalex.org/W3125450538","https://openalex.org/W3125934511","https://openalex.org/W4246259718"],"related_works":["https://openalex.org/W4293063092","https://openalex.org/W2346552658","https://openalex.org/W3038067428","https://openalex.org/W3126003384","https://openalex.org/W3174613358","https://openalex.org/W3121986622","https://openalex.org/W1539521504","https://openalex.org/W1517912616","https://openalex.org/W1492353137","https://openalex.org/W3124135967"],"abstract_inverted_index":{"Purpose":[0],"The":[1,45],"purpose":[2],"of":[3,11,21,35,50,74,82,94,113,131,151,212,230,254],"this":[4,216,243],"study":[5,220,247],"is":[6,180,217,244],"to":[7,30,90,109,126,189,200,226],"examine":[8,110,127],"the":[9,15,18,32,40,56,59,92,95,99,102,111,114,118,128,132,136,142,144,147,160,169,172,175,184,194,201,210,213,218,227,235,245,250],"impact":[10,34,112,130],"interest":[12,76,115,133,195],"rates":[13,116,134,196,202],"on":[14,39,117,135],"size":[16],"and":[17,78,104,167],"maturity":[19,119],"choice":[20],"a":[22,36,48],"syndicated":[23,37,52,64,155,236,258],"bank":[24,53,156,237,259],"loan.":[25],"In":[26,240],"addition,":[27],"it":[28],"attempts":[29],"determine":[31],"long\u2010run":[33,129],"loan":[38,238],"borrower's":[41],"capital":[42,152,255],"structure.":[43],"Design/methodology/approach":[44],"paper":[46],"uses":[47],"sample":[49],"6,903":[51],"loans":[54,65,71,79],"in":[55,72,80,159,164,168,234],"USA,":[57],"covering":[58],"period":[60],"1984\u20102004.":[61],"First,":[62],"all":[63],"are":[66,88,107,124,197],"categorized":[67],"into":[68],"two":[69,96,161,176,203],"groups:":[70],"periods":[73,81],"increasing":[75],"rates,":[77],"decreasing":[83],"rates.":[84],"Then,":[85],"non\u2010parametric":[86],"tests":[87,249],"performed":[89],"compare":[91],"characteristics":[93],"groups,":[97],"including":[98],"proceeds":[100],"from":[101],"loans,":[103],"robust":[105,122],"regressions":[106,123],"used":[108],"choice.":[120],"Finally,":[121],"employed":[125],"borrowers'":[137],"leverage":[138,178,228],"ratios.":[139],"Findings":[140],"On":[141,183],"whole,":[143],"results":[145],"reject":[146],"market":[148,224,251],"timing":[149,252],"theory":[150,253],"structure":[153,256],"for":[154,257],"loans.":[157,260],"Firms":[158],"groups":[162],"borrow":[163,233],"similar":[165],"amounts,":[166],"long":[170],"run,":[171],"difference":[173],"between":[174],"groups'":[177],"ratios":[179,229],"statistically":[181],"insignificant.":[182],"other":[185,241],"hand,":[186],"firms":[187,231],"tend":[188],"choose":[190],"longer":[191],"maturities":[192],"when":[193],"low":[198],"compared":[199],"or":[204],"three":[205],"years":[206],"ago.":[207],"Originality/value":[208],"To":[209],"best":[211],"author's":[214],"knowledge,":[215],"first":[219,246],"that":[221,232,248],"links":[222],"debt":[223],"conditions":[225],"market.":[239],"words,":[242]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-10-10T00:00:00"}