Do Parents Matter? Effects of Lender Affiliation Through the Mortgage Boom and Bust
Published Online:11 Aug 2014https://doi.org/10.1287/mnsc.2014.1944
References
- (2012) Did the Community Reinvestment Act (CRA) lead to risky lending? NBER Working Paper 18609, National Bureau of Economic Research, Cambridge, MA.Crossref, Google Scholar
- (1986) Strategic factor markets: Expectations, luck, and business strategy. Management Sci. 32(10):1231–1241.Link, Google Scholar
- (2008) The emergence of captive finance companies and risk segmentation of the consumer loan market: Theory and evidence. J. Money, Credit Banking 40(1):173–192.Crossref, Google Scholar
- (1989) Diversification strategy and R&D intensity in multiproduct firms. Acad. Management J. 32(2):310–332.Crossref, Google Scholar
- (2011) Forced sales and house prices. Amer. Econom. Rev. 101(5):2108–2131.Crossref, Google Scholar
- (1998) Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting. J. Finance 53(3):845–878.Crossref, Google Scholar
- (1937) The nature of the firm. Economica 4(16):386–405.Crossref, Google Scholar
- (2012) Credit booms and lending standards: Evidence from the subprime mortgage market. J. Money, Credit Banking 44(2–3):367–384.Crossref, Google Scholar
- (2012) How important is having skin in the game? Originator-sponsor affiliation and losses on mortgage-backed securities. Rev. Financial Stud. 25(11):3217–3258.Crossref, Google Scholar
- (2011) Understanding the subprime mortgage crisis. Rev. Financial Stud. 24(6):1848–1880.Crossref, Google Scholar
- (1984) Managing Corporate Wealth: The Operation of a Comprehensive Financial Goals System (Praeger Publishers, New York).Google Scholar
- (2000) Suburban Nation: The Rise of Sprawl and the Decline of the American Dream (North Point Press, New York).Google Scholar
- (2008) Just the facts: An initial analysis of subprime's role in the housing crisis. J. Housing Econom. 17(4):291–305.Crossref, Google Scholar
- (2009) Adaptation and vertical integration in the airline industry. Amer. Econom. Rev. 99(5):1831–1849.Crossref, Google Scholar
- (1993) Managerial incentives and investment in R&D in large multiproduct firms. Organ. Sci. 4(2):325–341.Link, Google Scholar
- (2005) The co-evolution of capabilities and transaction costs: Explaining the institutional structure of production. Strategic Management J. 26(5):395–413.Crossref, Google Scholar
- (2009) Financial regulation and securitization: Evidence from subprime loans. J. Monetary Econom. 56(5):700–720.Crossref, Google Scholar
- (2010) Did securitization lead to lax screening: Evidence from subprime loans. Quart. J. Econom. 125(1):307–362.Crossref, Google Scholar
- (2006) Strategic cost of diversification. Rev. Financial Stud. 20(5):1901–1940.Google Scholar
- (2006) Technological development and the boundaries of the firm: A knowledge-based examination in semiconductor manufacturing. Management Sci. 52(6):826–843.Link, Google Scholar
- (2009) The rise in mortgage defaults. J. Econom. Perspect. 23(1):27–50.Crossref, Google Scholar
- (2009) The consequences of mortgage credit expansion: Evidence from the U.S. mortgage default crisis. Quart. J. Econom. 124(4):1449–1496.Crossref, Google Scholar
- (2008) Envy, comparison costs, and the economic theory of the firm. Strategic Management J. 29(13):1429–1449.Crossref, Google Scholar
- (2012) Organizational structure and the limits of knowledge sharing: Incentive conflict and agency in car leasing. Management Sci. 58(6):1106–1121.Link, Google Scholar
- (2010) Securitization and distressed loan renegotiation: Evidence from the subprime mortgage crisis. J. Financial Econom. 97(3):369–397.Crossref, Google Scholar
- (2011) Originate-to-distribute model and the subprime mortgage crisis. Rev. Financial Stud. 24(6):1881–1915.Crossref, Google Scholar
- (2014) The failure of models that predict failure: Distance, incentives and defaults. J. Financial Econom. Forthcoming.Google Scholar
- (2010) Diversification, coordination costs, and organizational rigidity: Evidence from microdata. Strategic Management J. 31(8):873–891.Google Scholar
- (2010) Diversification, diseconomies of scope, and vertical contracting: Evidence from the taxicab industry. Management Sci. 56(9):1534–1550.Link, Google Scholar
- (1992) Finance companies, bank competition, and niche markets. Fed. Reserve Bank New York Quart. Rev. (Summer):25–38.Google Scholar
- (2014) Firm boundaries matter: Evidence from conglomerates and R&D activity. J. Financial Econom. 111(2):381–405.Crossref, Google Scholar
- (2008) The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It (Princeton University Press, Princeton, NJ).Google Scholar
- (1997) Internal capital markets and the competition for corporate resources. J. Finance 52(1):111–133.Crossref, Google Scholar
- (1984) A resource-based view of the firm. Strategic Management J. 5(2):171–180.Crossref, Google Scholar
- (1975) Markets and Hierarchies: Analysis and Antitrust Implications (Macmillan, New York).Google Scholar
- (1985) The Economic Institutions of Capitalism (Free Press, New York).Google Scholar
- (2011) Synergy, coordination costs, and diversification choices. Strategic Management J. 32(6):624–639.Crossref, Google Scholar

