Access the full text.
Sign up today, get DeepDyve free for 14 days.
Sudip Datta, Mai Iskandar-Datta, A. Patel (2000)
Some Evidence on the Uniqueness of Initial Public Debt OfferingsJournal of Finance, 55
E. Fama (1985)
What's different about banks?☆Journal of Monetary Economics, 15
R. Porta, Florencio Silanes, Andrei Shleifer, Robert Vishny (1997)
Legal Determinants of External FinanceCapital Markets eJournal
C.W. Anderson, A.K. Makhija
Deregulation, disintermediation and agency cost of debt: evidence from Japan
P. Bolton, D. Scharfstein (1996)
Optimal Debt Structure and the Number of CreditorsJournal of Political Economy, 104
Franklin Allen, Jun Qian, Meijun Qian (2004)
Law, Finance, and Economic Growth in ChinaLaw & Economics
C. James (1987)
Some evidence on the uniqueness of bank loansJournal of Financial Economics, 19
Krishnan Sharma (2000)
The Underlying Constraints on Corporate Bond Market Development in Southeast AsiaDevelopment Economics
M. Holder, A. Sinha, J. Severiens (2001)
The euro and capital market integration: are we there yet?Managerial Finance, 27
J. Batten, Thomas Fetherston, P. Szilagyi (2004)
European Fixed Income Markets : Money, Bond and Interest Rate Derivatives
J. Houston, C. James (1996)
Bank Information Monopolies and the Mix of Private and Public Debt ClaimsJournal of Finance, 51
E. Detragiache (1994)
Public versus Private Borrowing: A Theory with Implications for Bankruptcy ReformJournal of Financial Intermediation, 3
M. Holder (1999)
The euro impact on European financial marketsManagerial Finance, 25
Sudip Datta, Mai Iskandar-Datta, A. Patel (1999)
Bank monitoring and the pricing of corporate public debt 1 We thank Atul Gupta, Robyn McLaughlin, TiJournal of Financial Economics
M. Petersen, R. Rajan (1994)
The Benefits of Lending Relationships: Evidence from Small Business DataJournal of Finance, 49
C. Anderson, A. Makhija (1999)
Deregulation, disintermediation, and agency costs of debt: evidence from Japan 1 We are grateful forJournal of Financial Economics
Rafael Porta, Florencio López‐de‐Silanes, Andrei Shleifer, Robert Vishny (1996)
Law and FinanceJournal of Political Economy, 106
Mitchell Berlin, Loretta Mester (1992)
Debt covenants and renegotiationJournal of Financial Intermediation, 2
Allen Berger, Gregory Udell (1994)
Relationship Lending and Lines of Credit in Small Firm FinanceKelley: Finance (Topic)
T. Hoshi, A. Kashyap, D. Scharfstein (1993)
The Choice between Public and Private Debt: An Analysis of Post-Deregulation Corporate Financing in JapanNBER Working Paper Series
U. Hege (1996)
Workouts , Court-Supervised Reorganization , and the Choice Between Private and Public Debt ∗
R. Levine (1998)
The Legal Environment, Banks, and Long-Run Economic GrowthJournal of Money, Credit and Banking, 30
S. Titman, R. Wessels (1988)
The Determinants of Capital Structure ChoiceJournal of Finance, 43
R. Levine (1999)
Law, Finance, and Economic GrowthJournal of Financial Intermediation, 8
John Easterwood, P. Kadapakkam (1991)
The Role of Private and Public Debt in Corporate Capital StructuresFinancial Management, 20
Douglas Diamond (1991)
Monitoring and Reputation: The Choice between Bank Loans and Directly Placed DebtJournal of Political Economy, 99
Shane Johnson (1997)
An Empirical Analysis of the Determinants of Corporate Debt Ownership StructureJournal of Financial and Quantitative Analysis, 32
Purpose – The overall purpose of the paper is to examine the factors influencing the speed of development of corporate bond markets and, within that, to investigate the factors that Chief Financial Officers in large Croatian companies consider important in using corporate bonds as a financing method and the barriers they perceive as inhibiting issuing of corporate bonds. Design/methodology/approach – A survey was carried out of a sample of Chief Financial Officers from the largest companies in Croatia. Findings – The paper concludes that a range of macro‐level, industry level, market level and firm level factors influence the rate at which corporate bond markets develop and that, in Croatia, progress can be expected to be inexorable, but slow. Practical implications – Although a range of factors contribute to the speed at which a country's corporate bond market develops, it is clear that, in the case of Croatia, there needs to be more education of chief financial officers about the institutional and legal frameworks already in existence. Originality/value – The paper contributes new empirical findings as it presents the first research that has been conducted on the Croatian capital market. The paper adds value to the conceptual understanding of the phenomena of bond market development.
EuroMed Journal of Business – Emerald Publishing
Published: Sep 1, 2007
Keywords: Bonds; Corporate finances; Large enterprises; Croatia
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.