Results 61 to 70 of about 481,187 (249)
Credit rationing and firms in oligopoly
, 2005 This paper develops a theory of the firm, and equilibrium credit rationing mechanisms in oligopoly with R&D-product market competition. Credit rationing arises from a hold-up problem between wealth-constrained entrepreneurs and external investors ...
Tong, Jian
core +1 more source
Choosing not to borrow: Imprinting effects of informality on firms’ credit self-rationing
Borsa Istanbul ReviewWhile firm financing constraints have been widely studied, limited attention has been paid to credit self-rationing. Based on the imprinting hypothesis and firm-level data from 30 countries, this study finds that informal experience significantly ...
Wenwen Jin
doaj +1 more source
From Coase to culture? Visible Hands Build Equilibria
Economica, EarlyView.Abstract This essay proposes that the classic distinction between firms and markets in Ronald Coase's 1937 paper ‘The nature of the firm’ (Economica, vol. 4, pp. 386–405) be gracefully retired, having been duly celebrated for its field‐launching contribution to organizational economics.
Robert Gibbons
wiley +1 more source
Symmetrical Information and Credit Rationing: Graphical Demonstrations [PDF]
As this article shows, the pro-debtor U.S. Bankruptcy Code alone can cause credit rationing, even without asymmetrical information in the market, because the code entails substantial costs to lenders if borrowers file for bankruptcy.
Wang, Hung-Jen
core
The Bank Financing of Small Unlisted Firms in the UK: An Analysis of Recent Conflicts
The Journal of Entrepreneurial Finance, 1995 This paper examines the characteristics of UK small firm bank finance and the causes of the frequently strained relationship between small firms and banks in the UK. Debt, credit rationing, and call option problems under the UK system are examined.
Kevin Keasey, Robert Watson
doaj +1 more source
Economics of Transition and Institutional Change, EarlyView.ABSTRACT This article investigates the changes in the structure of employment in Central and Eastern European firms between 2001 and 2007, before the Global Financial Crisis and following the reforms in the labour and credit markets in these economies.
Elisabetta Magnani
wiley +1 more source
Do banking relationships improve credit conditions for Spanish SMEs? [PDF]
, 2005 Small and medium-sized companies are extremely important for the Spanish economy. However, they face difficulties when trying to obtain financing (credit rationing).
Cardone Riportella, Clara +3 more
core +1 more source
Bad loan build-up in India: A reflection of soft budget constraints
Modern FinanceThis paper analyses the non-performing assets (NPA) crisis in the Indian banking system from the perspective of soft budget constraints. Using a panel dataset of 105 publicly listed firms, it explores the relationship between NPAs and bank lending ...
Dilawar Ahmad Bhat +2 more
doaj +1 more source
Loan Volume and Interest Rate Determination in a Banking Market with Imperfect Competition [PDF]
Financial Markets, Institutions and RisksIn imperfectly competitive banking markets, the determination of loan volume and interest rates matters because even modest differences in banks’ loan-origination efficiency can alter credit availability, borrowing costs, and the transmission of ...
Achintya RAY
doaj +1 more source
The Economic History Review, EarlyView.Abstract When studying French prices between 1938 and 1949, economists and historians face a paradox: whilst a vast black market shaped daily life, official indices recorded only state‐controlled prices. This article addresses the issue by introducing a new consumer price index that incorporates both official and black market prices.
Patrice Baubeau, Matéo Teixeira
wiley +1 more source