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This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … work for broader issues in both macroeconomics and the theory of the firm. …
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E-commerce and FinTech are currently booming in China. The growing consumer market is accompanied by internet finance, by which consumers can easily borrow money from financial institutions online. As a result, the growing risks of financial institutions are of concern to the government and...
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heterogeneous agents (banks). We show that market segmentation improves efficiency and solves the problem of multiplicity of …
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