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A Model of Microfinance with Adverse Selection, Loan Default, and Self-Financing
Batabyal, Amitrajeet A. - 2014
We analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance institutions (MFIs) do not. The MFIs are...
Persistent link: https://www.econbiz.de/10013069676
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An Analysis of Adverse Selection, Entrepreneurial Activity, and the Decision to Go Public
Batabyal, Amitrajeet A. - 2010
We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically, our analysis focuses on the contractual interaction between a representative risk averse entrepreneur who owns a firm and a risk neutral monopolistic investment bank that...
Persistent link: https://www.econbiz.de/10014196319
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An Analysis of Adverse Selection, Entrepreneurial Activity, and the Decision to Go Public
Batabyal, Amitrajeet A. - 2010
We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically, our analysis focuses on the contractual interaction between a representative risk averse entrepreneur who owns a firm and a risk neutral monopolistic investment bank that...
Persistent link: https://www.econbiz.de/10013141160
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Project financing, entrepreneurial activity, and investment in the presence of asymmetric information
Batabyal, Amitrajeet A. - In: The North American journal of economics and finance : a … 23 (2012) 1, pp. 115-122
Persistent link: https://www.econbiz.de/10009673887
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Project financing, entrepreneurial activity, and investment in the presence of asymmetric information
Batabyal, Amitrajeet A. - In: The North American Journal of Economics and Finance 23 (2012) 1, pp. 115-122
's type is known to the entrepreneur but not to the investors. Further, the entrepreneur is restricted to issuing debt only or … equity only, that there exists a pooling PBE contract involving the issuance of equity only, and that a debt contract is … PBE contract with debt exists and a separating PBE contract with debt and equity exists. Finally, we examine whether a …
Persistent link: https://www.econbiz.de/10010886101
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An analysis of adverse selection, entrepreneurial activity, and the decision to go public
Batabyal, Amitrajeet A. - In: Letters in spatial and resource sciences : LSRS 3 (2010) 1, pp. 79-90
Persistent link: https://www.econbiz.de/10008797265
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A model of microfinance with adverse selection, loan default, and self-financing
Batabyal, Amitrajeet A.; Beladi, Hamid - In: Agricultural finance review 70 (2010) 1, pp. 55-65
Persistent link: https://www.econbiz.de/10003983649
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An analysis of adverse selection, entrepreneurial activity, and the decision to go public
Batabyal, Amitrajeet A. - In: Letters in spatial and resource sciences : LSRS 3 (2010) 2, pp. 79-90
Persistent link: https://www.econbiz.de/10009508360
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A Model of Microfinance with Adverse Selection, Loan Default, and Self-Financing
Batabyal, Amitrajeet A.; Beladi, Hamid - 2014
We analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance institutions (MFIs) do not. The MFIs are...
Persistent link: https://www.econbiz.de/10014203528
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Asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy
Batabyal, Amitrajeet A.; Nijkamp, Peter - In: International regional science review 33 (2010) 4, pp. 421-436
Persistent link: https://www.econbiz.de/10008728734