How Do Private Firms Use Credit Lines?

The authors find that firms that face higher upfront commitment fees, risk premium spreads, or usage fees have smaller credit lines, while those with higher overdraft fees have larger ones. Firms with greater profit growth in the past have larger credit lines, while those with more internal funds or higher volatility in profit growth have smaller credit lines. The results for line utilization are quite similar

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Year of publication:	2011
Authors:	Agarwal, Sumit
Other Persons:	Chomsisengphet, Souphala (contributor) ; Driscoll, John C. (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Privatwirtschaft \| Private sector \| Privatisierung \| Privatization \| Kredit \| Credit \| Kreditgeschäft \| Bank lending \| Fremdkapital \| Debt financing

Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Perspectives, Vol. 35, No. 2, p. 71, 2011 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 23, 2011 erstellt
Classification:	E44 - Financial Markets and the Macroeconomy ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	ECONIS - Online Catalogue of the ZBW

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