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Security versus bank finance : the importance of a proper enforcement of legal rules
Modigliani, Franco; Perotti, Enrico C.; Oijen, Pieter van - 1998
Persistent link: https://www.econbiz.de/10000985240
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The entrepreneurial adjustment process in disequilibrium
Burke, Andrew; Stel, Adriaan J. van - 2009
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …
Persistent link: https://www.econbiz.de/10011377541
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Personalized pricing, competition and welfare
Houba, Harold; Motchenkova, Evgenia; Wang, Hui - 2022
Data-driven AI pricing algorithms in on-line markets collect consumer information and use it in their pricing technologies. In the simplest symmetric Hotellingís model such technologies reduce prices and proÖts. We extend Hotellingís model with vertically di§erentiated products, cost...
Persistent link: https://www.econbiz.de/10013164249
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Credit cycles and macro fundamentals
Koopman, Siem Jan; Kräussl, Roman; Lucas, André; … - 2006
We study the relation between the credit cycle and macro-economic fundamentals in an intensity-based framework. Using … the credit cycle from the micro rating data. We relate this cycle to the business cycle, bank lending conditions, and … financial market variables. In line with earlier studies, these variables appear to explain part of the credit cycle. As our …
Persistent link: https://www.econbiz.de/10011348707
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Liquidity runs
Matta, Rafael; Perotti, Enrico C. - 2016 - This Draft: October 18, 2016
Can the risk of losses upon premature liquidation produce bank runs? We show how a unique run equilibrium driven by asset liquidity risk arises even under minimal fundamental risk. To study the role of illiquidity we introduce realistic norms on bank default, such that mandatory stay is...
Persistent link: https://www.econbiz.de/10011556199
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Inertial credit and arrears in transition
Perotti, Enrico C. - 1995
Persistent link: https://www.econbiz.de/10000922224
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Can relationship banking survive competition?
Boot, Arnoud W. A.; Thakor, Anjan V. - 1998
Persistent link: https://www.econbiz.de/10000984707
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Ordering the preference hierarchies for internal finance, bank loans, bond and share issues
Haan, Leo de; Hinloopen, Jeroen - 2002
, we estimate a multinomial logit model whichconfirms several predictions of both the static trade-off theory and … thepecking-order theory as to the determinants of financing choices. Next, weuse ordered probit models to determine which …
Persistent link: https://www.econbiz.de/10011327550
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Capital structure under financing and investment externalities
Cools, Kees; Zou, Liang - 1992
Persistent link: https://www.econbiz.de/10000122483
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Strategic versus financial investors : the role of strategic objectives in financial contracting
Arping, Stefan; Falconieri, Sonia - 2009
penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146