We analyze the possibility of the simultaneous presence of two key features in price-taking sequential economies: collateralized credit operations and effective additional enforcement mechanisms, i.e. those implying payments besides the value of collateral guarantees. We show that these...

Purpose The purpose of this study is to present the evolution of academic research in venture capital (VC) research between 1990 and 2014. Design/methodology/approach The study analyzes the most influential journals in VC research by analyzing papers, which were published on the Web of Science...

We address a general equilibrium model with collateralized debt, credit contractions, and financial market segmentation. Restrictions on credit access make borrower’s optimal payment strategies–coupon payment, prepayment, and default–sensitive to idiosyncratic factors, even though the only...