Showing 1 - 10 of 481
. We examine the effects of creditor rights on the sensitivity of bank lending terms to aggregate relative to firm …-specific information. We formulate two competing hypotheses. On the one hand, weaker creditor rights can amplify the bank's screening and … reduce the ability of borrowers with strong fundamentals to raise bank debt, lead to more correlated bank lending decisions …
Persistent link: https://www.econbiz.de/10012908921
Persistent link: https://www.econbiz.de/10000748651
Persistent link: https://www.econbiz.de/10000782590
Persistent link: https://www.econbiz.de/10000716975
Persistent link: https://www.econbiz.de/10001529101
Persistent link: https://www.econbiz.de/10001516059
Persistent link: https://www.econbiz.de/10001085493
Persistent link: https://www.econbiz.de/10001330838
Persistent link: https://www.econbiz.de/10001066280
In this paper, the choice between public and private provision of goods and services is considered. In practice, both modes of operation involve significant delegation of authority, and thus appear quite similar in some respects. The argument here is that the main difference between the two mod-...
Persistent link: https://www.econbiz.de/10013220953