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Credit Constraints and Contract Enforcement
Topics in Economic Analysis & Policy, 2006Abstract This paper demonstrates that credit constraints can lead to the inability to enforce contracts, thereby creating inefficiency. If time elapses between the contract period and the enforcement period, a credit constrained agent that uses the proceeds of trade to fund consumption faces a greater cost to enforce a contract than an ...
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Credit constraints and delayed entrepreneurship
Journal of Economic Behavior & Organization, 2023openaire +1 more source
Borrowing Constraints and Credit Demand [PDF]
, 2010 This paper investigates the determinants of credit demand in the presence of borrowing constraints for the Chilean economy using a recently collected detailed and innovative data set, the Households Financial Survey. The estimation procedure employed allows for the observed debt to be a function of multiple selection rules and incorporates the ...
Jaime Ruiz-Tagle, Francis Vella
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Credit constraints and US households
Applied Financial Economics, 1996Empirical tests of the permanent income/life cycle hypothesis of consumption often find that consumption is excessively sensitive to current income. Some evidence suggests that this finding is due to the existence of credit constraints on consumers. Using data relating to a period before 1983, Jappelli has tried to identify the characteristics of those
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Optimal Investment under Credit Constraints
Annals of Economics and Statistics, 2009We analyze in this paper the interaction between financing and investment decisions in presence of debt issuance costs. We find that, while debt issuance costs reduce tax shields, tax shields induce a higher investment trigger. Moreover, the investment trigger is a non-monotonic function of the borrowing capacity.
BELHAJ, Mohamed, DJEMBISSI, Bertrand
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Conclusion: Credits, Constraints and Prospects
2015We have examined in some depth the catalog of successes and failures which were outlined at the beginning of the book. The subject of this concluding chapter is to identify the principal actors and policies that deserve credit for the success that has been achieved; explore the reasons behind the major blemishes that characterize the performance; and ...
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New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy
Energy Policy, 2022Yu-yu Li, Bo Huang, Weidong Meng
exaly
Processing trade and credit constraints
Journal of Corporate Finance, 2023Jie Li, Zhigang Ouyang, Naixin Zhang
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