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"We argue that a firm's aggregate risk is a key determinant of whether it manages its future liquidity needs through cash reserves or bank lines of credit. Banks create liquidity for firms by pooling their idiosyncratic risks. As a result, firms with high aggregate risk find it costly to get...
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stay on debt and collateral collection that applies to virtually all other claims. We propose a simple corporate finance …
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these companies use external financing sources like debt and equity capital to finance their activities. However, in general …, in the area of SMEs' access to finance, there are market imperfections - not only in times of crisis, but on an on … (entrepreneur) and the supply side (financial intermediary). SMEs' access to finance is often a topic of economic or financial …
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overall conclusion is that SMEs access to finance should be further supported and encouraged in order to increase their …
Persistent link: https://www.econbiz.de/10012124584
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disadvantage for partnerships was offset by their ability to finance larger and longer-horizon entrepreneurial ventures …
Persistent link: https://www.econbiz.de/10008823013
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default; ii) they can choose to raise finance through bank loans or corporate bonds; and iii) banks are more efficient than … finance between the US and the euro area. We suggest an explanation of those differences based on information availability …
Persistent link: https://www.econbiz.de/10009009196
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