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The importance of credit market imperfections for investment behavior is analyzed using Swedish firm level data. Adjustment and agency costs are included in the neoclassical theory of optimal financial and investment decisions for firms. In order to model the possible occurrence of agency costs...
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, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital, financial constraints …
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, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital, financial constraints …
Persistent link: https://www.econbiz.de/10013025651
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market …
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