Carroll, Chris; Toche, Patrick - 2009
presented here.
1 Carroll: Department of Economics, Johns Hopkins University, Baltimore, MD, National Bureau of Economic …@toche.net, Department of Economics and Finance, City University of Hong Kong, Tat Chee Avenue, Kowloon Tong, HK.
CFS Working Paper No … business could have
the effect of reducing the firm’s collateral value and therefore increasing its cost
of external finance …