Microfinance: equity and debt contracts
We offer an explanation, drawn from first principles, of the belief that the consumption needs of the asset-poor are best met by debt contracts, whereas equity arrangements are tailored to the financing requirements of poor entrepreneurs.
|Year of publication:||
|Authors:||Correa, Amelia ; Correa, Romar|
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 8, p. 859-862
Taylor & Francis Journals
|Type of publication:||Article|