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being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of …
Persistent link: https://www.econbiz.de/10010332377
Unternehmensfinanzierung nicht angemessen Rechnung tragen und damit den Stellenwert des Bankkredits für die Realwirtschaft teilweise …
Persistent link: https://www.econbiz.de/10010293610
The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the … characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit … credit rationing and the use of leasing. In this framework the latter appears to be a last resort financing. …
Persistent link: https://www.econbiz.de/10010281004
. Most of the data sources are firms' balance sheets. For Argentina information on debt contracts and credit history is also … access to credit (and its cost) depends not only upon favorable balance sheet characteristics, but also upon the closeness of … the relationship between firms and banks as well as credit history. Access to long-term loans and to loans denominated in …
Persistent link: https://www.econbiz.de/10010327164
Finanzierungsbeschränkungen gelten als eine der wichtigsten Hürden im Innovationsprozess. Im Innovationsindikator 2009 hat sich Deutschland im Bereich Finanzierung gegenüber dem Vorjahr verschlechtert und verharrt mit Rang 15 abgeschlagen in der Schlussgruppe. Die Finanzierungsfrage bleibt...
Persistent link: https://www.econbiz.de/10011602084
Banks often have to determine the credit worthiness, i.e. the ability to repay the loan, of their customers ex … sein, einen Kredit zu gewähren, wenn das Diagnosesignal negativ ist. …
Persistent link: https://www.econbiz.de/10010296951
Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf …Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years …. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the …
Persistent link: https://www.econbiz.de/10010299438
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert … chosen the approach of Sachs/Tornell/Velasco (1996), which we have modified and extended by incorporating credit rationing …
Persistent link: https://www.econbiz.de/10010300400
asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social …
Persistent link: https://www.econbiz.de/10010325499
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...
Persistent link: https://www.econbiz.de/10010325581