搜索结果: 16-30 共查到“经济学 CREDIT”相关记录195条 . 查询时间(0.078 秒)
Corporate Financial Policies in Misvalued Credit Markets
Debt Misvaluation Capital Structure Cash Holdings Credit Ratings
2015/4/29
We theoretically and empirically investigate the repercussions of credit market misvaluation for a firm's borrowing and investment decisions. Using an ex-post measure of the accuracy of credit ratings...
The State of Small Business Lending:Credit Access During the Recovery and How Technology May Change the Game
Small Business Financing and Loans United States
2015/4/29
Small businesses are core to America's economic competitiveness. Not only do they employ half of the nation's private sector workforce—about 120 million people—but since 1995 they have created approxi...
Housing Collateral,Credit Constraints and Entrepreneurship—Evidence from a Mortgage Reform
Entrepreneurship Mortgages
2015/4/28
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the ro...
Trade Credit and Taxes
Trade Capital Taxation Resource Allocation Credit Multinational Firms and Management United States
2015/4/27
This paper analyzes the extent to which firms use trade credit to reallocate capital in response to tax incentives. Tax-induced differences in pretax returns encourage the use of trade credit to reall...
Cyclicality of Credit Supply: Firm Level Evidence
Business Cycles Borrowing and Debt Credit Banks and Banking Bonds Financial Markets Financing and Loans
2015/4/23
Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time-series. While...
Regulating for Legitimacy:Consumer Credit Access in France and America
Borrowing and Debt Credit Financial Markets Personal Finance Governing Rules
2015/4/23
Theories of legitimate regulation have emphasized the role of governments either in fixing market failures to promote greater efficiency or in restricting the efficient functioning of markets in order...
Investable Tax Credits:The Case of the Low Income Housing Tax Credit
Investment Governing Rules Regulations and Reforms Taxation
2015/4/22
The Low Income Housing Tax Credit (LIHTC) represents a novel tax expenditure program that employs "investable" tax credits to spur production of low-income rental housing. While it has grown into the ...
A Darker Side to Decentralized Banks:Market Power and Credit Rationing in SME Lending
Organizational Structure Financing and Loans Industry Structures Banks and Banking Banking Industry Mexico
2015/4/22
We use loan-level data to study how the organizational structure of banks impacts small business lending. We find that decentralized banks—where branch managers have greater autonomy over lending deci...
Fixing Market Failures or Fixing Elections?Agricultural Credit in India
Agribusiness Banks and Banking Financing and Loans Political Elections State Ownership Banking Industry India
2015/4/22
This paper integrates theories of political budget cycles with theories of tactical electoral redistribution to test for political capture in a novel way. Studying banks in India, I find that governme...
Do formal credit constraints affect the rural household consumption in China?
direct elicitation method rural credit switching regression model
2014/11/28
The article investigates the consequences of credit constraints on rural household consumption in China. Based on a unique rural finance and consumption survey, the authors first identify the credit c...
Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program
Banking Credit constraints India misallocation
2014/9/9
This article uses variation in access to a targeted lending program to estimate whether firms are credit constrained. While both constrained and unconstrained firms may be willing to absorb all the di...
Global factors in capital flows and credit growth
Global factors capital flows credit growth
2014/3/18
‘Global liquidity’ focuses on the role of cross-border banking in the international transmission of financial conditions. This column argues that when global banks apply more lenient conditions on nat...
On the Allocative Performance of Rotating Savings and Credit Associations
Rotating Savings Credit Associations
2014/3/24
On the Allocative Performance of Rotating Savings and Credit Associations。
Wrong-way risk in credit and funding valuation adjustments
Wrong-way risk credit and funding valuation adjustments
2012/9/14
Wrong-way risk in counterparty and funding exposures is most dramatic in the situations of systemic crises and tails events. A consistent model of wrong- way risk (WWR) is developed here with the ...
Binomial Tree Model for Convertible Bond Pricing within Equity to Credit Risk Framework
Binomial Tree Model Bond Pricing Credit Risk
2012/9/14
In the present paper we fill an essential gap in the Convertible Bonds pricing world by deriving a Binary Tree based model for valuation subject to credit risk. This model belongs to the framework kno...