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Due to tougher lending standards, Rent-to-Own (RTO) contracts are getting popular. In a RTO contract, a tenant signs a … economic implications remain murky. Contract terms are further complicated since the tenant may stay financially constrained …, and not qualify for a mortgage, in the future. In this paper, we analyze the economics of a RTO contract under financial …
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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...
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