Results 81 to 90 of about 481,197 (256)
Entrepreneurship and bank credit rationing in Ghana [PDF]
, 2009 Previous researchers have empirically investigated the existence or otherwise of credit rationing of small businesses in both developed and developing economies.
Kingsley Akuetteh, Charles
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Croatian SMEs: Current Stage and Prospect
The Journal of Entrepreneurial Finance, 2009 Small businesses in Croatia are recognized as a locomotive for economic restructuring and increase of rate of employment. Bank credits have become more accessible in Croatia for the SME sector following privatization by foreign banks, which now ...
Ljiljana Viducic +3 more
doaj +1 more source
European Financial Management, EarlyView.ABSTRACT Zero‐leverage firms remain a puzzle in corporate finance. We propose a supply‐side mechanism linking environmental impact to debt access. Because creditors favour firms with high negative externalities and strong cash flows, environmentally friendly firms with high initial costs face tighter credit constraints.
Paolo Saona +3 more
wiley +1 more source
Collateral, Rationing, and Government Intervention in Credit Markets [PDF]
This paper analyzes the effects of government intervention in credit markets when lenders use collateral, interest, and the probability of granting a loan as potential screening devices. Equilibria with and without rationing are examined.
William G. Gale
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Adverse Selection and Moral Hazard Effects in the Malaysian Credit Market: An Empirical Analysis
Malaysian Management Journal, 1997 The purpose of this paper is to test empirically the impact of adverse selection and moral hazard on the Malaysian credit market. The paper develops a supply and demand function for credit in Malaysia by using monthly data over the period from January ...
Omar Marashdeh
doaj
Segment information disclosure and trade credit
Journal of Financial Research, EarlyView.Abstract We examine the effect of mandatory segment disclosure on trade credit financing. Segment disclosure reduces the information advantage of suppliers relative to investors in evaluating firm default risk, reducing firms' reliance on trade credit. Exploiting the adoption of SFAS 131 as a shock to segment disclosure, we find that segment disclosure
Obada Almajali, Phil Holmes, Bin Xu
wiley +1 more source
Credit rationing and firms in oligopoly [PDF]
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
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CREDIT MARKET IMPERFECTIONS IN THE THEORY OF CREDIT RATIONING
Financial Internet QuarterlyThe article aims at comparative analysis of the nature and dimensions of credit rationing on the grounds of theory of finance. The paper identifies the essence of credit rationing through the prism of its most important endogenous and exogenous prerequisites, assuming the lack of adequate instruments that could be used by banks to individually select ...
openaire +2 more sources
Credit Rationing, Government Credit Programs and Co-Financing [PDF]
Journal of Applied Economics, 2007 Costly monitoring may lead to credit rationing in equilibrium in an economy without any adverse selection or moral hazard problems. Given the widespread phenomenon of government intervention in credit markets in developing and developed countries, the natural question then is, How effective are these government programs?
openaire +2 more sources
Banking with Inside Money: An Efficiency Analysis
Journal of Money, Credit and Banking, EarlyView.Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO +1 more
wiley +1 more source