A theory of banks, bonds, and the distribution of firm size

We draw on stylized facts from the finance literature to build a model where altering the relative costs of bank and bond financing changes the entire distribution of firm size, with implications for the aggregate capital stock, output, and welfare.

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Year of publication:	2009
Authors:	Russ, Katheryn N. ; Valderrama, Diego
Publisher:	Davis, CA : University of California, Department of Economics
Subject:	Unternehmensfinanzierung \| Bank \| Kreditgeschäft \| Rentenmarkt \| Transaktionskosten \| Betriebsgröße \| Welt

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Series:	Working Paper ; 09-16
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	61251238X [GVK] hdl:10419/58403 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010282113