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In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...
Persistent link: https://www.econbiz.de/10011951732
In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...
Persistent link: https://www.econbiz.de/10012958147
In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels.An...
Persistent link: https://www.econbiz.de/10012906468
Persistent link: https://www.econbiz.de/10009658742
The acceleration of the firm failure rate in France between 2008 and 2010 was preceded by a surge in the number of … Direction at Banque de France. The lack of complete information on firms created before 2000 led us to restrict the sample to …
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