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The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10013124471
The paper argues that the networked firms have an advantage in securing bank finance in countries with weak legal and judicial institutions. An analysis of recent BEEPS data from sixteen CEE transition countries lends some support to this hypothesis. Firms affiliated to business associations are...
Persistent link: https://www.econbiz.de/10013154767
The paper reviews legal, institutional and enforcement problems behind the lack of collateral credit to private firms … collateral institutions in order to increase the supply of this important source of private sector credit …
Persistent link: https://www.econbiz.de/10013125783
availability of public information about corporate credit risk relative to the US, and when European firms value more than US firms …
Persistent link: https://www.econbiz.de/10013125969
corporate credit risk relative to the US, and when european firms value more than US firms the flexibility and information …
Persistent link: https://www.econbiz.de/10013126201
This paper examines the finances and the effect of credit limitations on the behavior and performance of firms in Costa … the profile firms' finances, examines the determinants of firms' access to banking credit and tries to assess the effect … of credit constraints on the behavior and performance of firms …
Persistent link: https://www.econbiz.de/10013126762
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10009307402