Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10001959960
Persistent link: https://www.econbiz.de/10001736715
"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important … aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending … presumably face sizable transaction costs obtaining external credit. The author develops and estimates a model based on limited …
Persistent link: https://www.econbiz.de/10010522697
Persistent link: https://www.econbiz.de/10010523118
This paper investigates the link between the optimal level of non-financial firms' leverage and macroeconomic uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as macroeconomic uncertainty increases the firm will decrease its optimal level of...
Persistent link: https://www.econbiz.de/10002243165
Persistent link: https://www.econbiz.de/10001701442
Persistent link: https://www.econbiz.de/10001749146
Persistent link: https://www.econbiz.de/10001972729
Persistent link: https://www.econbiz.de/10001486364
Persistent link: https://www.econbiz.de/10001530259