"We develop a multistage model of the loan granting process to understand the contradictory findings of the existing literature on bank-borrower relationships, credit availability, and loan rates. Upon estimating our model with the 1993, 1998, and 2003 versions of the Survey of Small Business...

In 1984, Ivan Boesky purchased 1.7 million shares of Carnation's stock on the basis of illegally obtained insider information. The events and data allow testing of the impact of informed trading on share prices and market liquidity. A positive and significant relation is found between Boesky's...