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Industrial districts and financial constraints to innovation
Ughetto, Elisa - In: International review of applied economics 23 (2009) 5, pp. 597-624
Persistent link: https://www.econbiz.de/10003903345
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Involuntary excess reserves, the reserve requirements and credit rationing in China
Nguyen, Vu Hong Thai; Boateng, Agyenim; Newton, David P. - In: Applied economics 47 (2015) 13/15, pp. 1424-1437
Persistent link: https://www.econbiz.de/10010512039
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Leasing decisions and credit constraints : empirical analysis on a sample of Italian firms
Cosci, Stefania; Guida, Roberto; Meliciani, Valentina - In: European financial management : the journal of the … 21 (2015) 2, pp. 377-398
Persistent link: https://www.econbiz.de/10010516659
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The role of credit rationing and collateral in debt financing
Houben, Eike; Nippel, Peter - 2001
Credit rationing and the use of collateral are widely observed in debt financing. To our view there is yet no appropriate theoretical explanation for these facts. In the standard debt financing models the occurrence of credit rationing can be explained based on suitable assumptions. But those...
Persistent link: https://www.econbiz.de/10011281514
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Capital market failure, adverse selection and equity financing of higher education
Jacobs, Bas; Wijnbergen, Sweder van - 2005
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/10011343276
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International propagation of financial shocks in a search and matching environment
Isoré, Marlène - 2011 - First draft: April 30, 2010, This version: April 13, 2011
This paper develops a two-country multi-frictional model where the freeze on liquidity access to commercial banks in one country raises unemployment rates via credit rationing in both countries. The expenditure-switching channel, whereby asymmetric monetary shocks traditionally lead to negative...
Persistent link: https://www.econbiz.de/10011346436
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Moral hazard contracting and credit rationing in opaque credit markets
He, Xin - In: International journal of computational economics and … 5 (2015) 1, pp. 12-34
Persistent link: https://www.econbiz.de/10011317312
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Empirical measurement of credit rationing in agriculture : a methodological survey
Petrick, Martin - 2003
-classical equilibrium theory. The fourth approach takes an intermediate position, since spill-over on segmented loan markets reveals a … angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen analytischen Bezugsrahmens … Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf …
Persistent link: https://www.econbiz.de/10009755213
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Bankruptcy, Investment, and Financial Constraints: Evidence from a Post-Transition Economy
Pospíšil, Martin; Schwarz, Jiří - 2014
In this paper we use balance-sheet data and information on bankruptcy to study the relationship between investment, financial constraints, and bankruptcy in a posttransition country. Our data constitute a dynamic panel and cover the period 2006-2011, which also allows us to study the impact of...
Persistent link: https://www.econbiz.de/10010358370
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On the existence of credit rationing and screening with loan size in competitive markets with imperfect information
Kraus, Daniel - 2013 - This version: September 10, 2013
Although credit rationing has been a stylized fact since the groundbreaking papers by Stiglitz and Weiss (1981, hereinafter S-W) and Besanko and Thakor (1987a, hereinafter B-T), Arnold and Riley (2009) note that credit rationing is unlikely in the S-W model, and Clemenz (1993) shows that it does...
Persistent link: https://www.econbiz.de/10009790502