Showing 1 - 10 of 97
The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the … characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit … rationing. Firstly, our results suggest that SME use leasing all the more the leasing so when they are young, leveraged, less …
Persistent link: https://www.econbiz.de/10010750928
exogenously determined. The strategic interactions are modeled on an intra-industry permits markets where agents can freely bank … the effects of allowing banking and borrowing. A documented appraisal on whether or not such provisions should be included …
Persistent link: https://www.econbiz.de/10008793663
the decision to allow banking and borrowing, a debate which is typically overlooked by the debate to introduce the permits …
Persistent link: https://www.econbiz.de/10008793701
as to the role of the central bank in that development. This paper addresses the process of credit allocation by the …Although a relative consensus is emerging about the economic effects of credit development, many controversies remain … central bank as observed on a spatial basis. It examines how and why improved geographical access to the central bank …
Persistent link: https://www.econbiz.de/10010739002
We study whether the financial analysts' concern to maintain good relationships with firms' managers in order to preserve their access to 'soft' qualitative information entice them to issue pessimistic or optimistic forecasts. We use a gravity model approach to firmsanalysts relationships and...
Persistent link: https://www.econbiz.de/10010899519
We study whether financial analysts' concern for preserving good relationships with firms' managers motivates them to issue pessimistic or optimistic forecasts. Based on a dataset of one-yearahead EPS forecasts issued by 4 648 analysts concerning 241 French firms (1997-2007), we regress the...
Persistent link: https://www.econbiz.de/10010899616
This paper studies how credit rationing affects endogenous growth when capital and debt are related to the firm …
Persistent link: https://www.econbiz.de/10010750394
This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of the Lagrange multipliers related to the binding debt ceiling constraint. This result allows to check for misspecification of the parameterizations of these Lagrange multipliers...
Persistent link: https://www.econbiz.de/10010750720
This paper provides a theory for the choice of an organizational structure by the headquarters of a unitary structure concerned about overload. The headquarters can avoid overload by delegating operational decisions to divisions, i.e., moving the firm to a multidivisional structure. We show...
Persistent link: https://www.econbiz.de/10008791162
innovations, using a version of the Kiyotaki and Moore [1997] model of credit cycles. Results are: patents as collateral leverage …
Persistent link: https://www.econbiz.de/10009021740