Results 61 to 70 of about 481,197 (256)
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
The policy adjacent: How affordable housing generates policy feedback among neighboring residents
American Journal of Political Science, EarlyView.Abstract While scholars have documented feedback effects among a policy's direct winners and losers, less is known about whether such effects can occur among the indirectly affected—“the policy adjacent.” Using 458 geocoded housing developments built between two nearly identical statewide ballot propositions funding affordable housing in California, we
Michael Hankinson +2 more
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 market presence of cooperative banks and stability in European banking: New evidence
Annals of Public and Cooperative Economics, EarlyView.Abstract Most studies examining differences between cooperative banks (CBs) and other banking institutions rely on bank‐level data, thereby overlooking effects of the market presence of CBs on banking market structures. To address this gap, we test whether CB's domestic market share predicts national banking stability (Z‐scores) using a unique panel ...
Hans Groeneveld
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
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
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
The impact of population ageing on credit rationing in rural China
Cogent Economics & FinanceBased on the trend of ageing in rural populations, this study utilized the 2019 China Household Finance Survey data to theoretically and empirically analyze the rationing behavior of rural formal financial institutions in credit supply and demand.
Pengfei Liu
doaj +1 more source