Journal Article
Stock market fundamentals
Prowse, Stephen D. (1997-11)
Southwest Economy , Issue Nov , Pages 5-8

Journal Article
Government deficits: good, bad or irrelevant?
Prowse, Stephen D. (1995-05)
Southwest Economy , Issue May , Pages 3-6

Journal Article
Alternative methods of corporate control in commercial banks
Prowse, Stephen D. (1995-07)
In this article, Stephen Prowse investigates how owners of commercial banks encourage management to follow value-maximizing policies. While the "corporate control mechanism" in nonfinancial firms is well documented, for the banking industry much less evidence is available. Moreover, unique factors in the operating environment of commercial banks may mean that their corporate control mechanism operates differently from that of nonfinancial firms. ; Prowse analyzes a sample of bank holding companies (BHCs) from 1987 to 1992 to determine how many underwent a change in corporate control by ...
Economic and Financial Policy Review , Issue Q III , Pages 24-36

Working Paper
Alternative methods of corporate control in commercial banks
Prowse, Stephen D. (1995)
Working Papers , Paper 9507

Journal Article
Recent developments in the market for privately placed debt
Prowse, Stephen D.; Rea, John; Carey, Mark S. (1993-02)
Federal Reserve Bulletin , Issue Feb , Pages 77-92

Working Paper
The structure of corporate ownership in Japan
Prowse, Stephen D. (1991)
Finance and Economics Discussion Series , Paper 174

Working Paper
Institutional investment patterns and corporate financial behavior in the U.S. and Japan
Prowse, Stephen D. (1990)
Finance and Economics Discussion Series , Paper 108

Journal Article
Corporate financing and governance: an international perspective
Prowse, Stephen D. (1997-09)
Southwest Economy , Issue Sep , Pages 9-10

Journal Article
Is Texas' real estate boom a house of cards?
Prowse, Stephen D. (1995-05)
Southwest Economy , Issue May , Pages 1-2, 6

Journal Article
The economics of private placements : middle-market corporate finance, life insurance companies, and a credit crunch
Prowse, Stephen D. (1997-07)
In this article, Stephen Prowse examines the private placement market. Like the bank loan market, this market is information-intensive: parties negotiate lending terms, lenders evaluate and monitor borrowers' credit risk, covenants are used to control risk, and borrowers lack access to public debt markets. There are also differences from the bank loan market : debt instruments are securities, not loans; maturities are longer; interest rates are fixed, not floating; and the principal investors are life insurance companies not banks. The article provides evidence on the credit crunch that ...
Economic and Financial Policy Review , Issue Q III , Pages 12-24