Adverse selection, endogenous borrowing constraints and firm growth

Arthur Fishman; Miriam Krausz

doi:10.1016/j.econlet.2010.04.038

Adverse selection, endogenous borrowing constraints and firm growth

Arthur Fishman
, Miriam Krausz

פרסום מחקרי: פרסום בכתב עת › מאמר › ביקורת עמיתים

תקציר

If banks face asymmetric information about loan quality, endogenous borrowing constraints which restrict the size of new firms may emerge in equilibrium. High quality firms reduce financing costs by starting off small and increasing their size over time.

שפה מקורית	אנגלית
עמודים (מ-עד)	219-221
מספר עמודים	3
כתב עת	Economics Letters
כרך	108
מספר גיליון	2
מזהי עצם דיגיטלי (DOIs)	https://doi.org/10.1016/j.econlet.2010.04.038
סטטוס פרסום	פורסם - אוג׳ 2010
פורסם באופן חיצוני	כן

גישה למסמך

10.1016/j.econlet.2010.04.038

קבצים וקישורים אחרים

Link to publication in Scopus

פורמט ציטוט ביבליוגרפי

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title = "Adverse selection, endogenous borrowing constraints and firm growth",

abstract = "If banks face asymmetric information about loan quality, endogenous borrowing constraints which restrict the size of new firms may emerge in equilibrium. High quality firms reduce financing costs by starting off small and increasing their size over time.",

keywords = "Asymmetric information, Endogenous borrowing constraints, Firm growth",

author = "Arthur Fishman and Miriam Krausz",

year = "2010",

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doi = "10.1016/j.econlet.2010.04.038",

language = "אנגלית",

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AU - Krausz, Miriam

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AB - If banks face asymmetric information about loan quality, endogenous borrowing constraints which restrict the size of new firms may emerge in equilibrium. High quality firms reduce financing costs by starting off small and increasing their size over time.

KW - Asymmetric information

KW - Endogenous borrowing constraints

KW - Firm growth

UR - https://www.scopus.com/pages/publications/77953976977

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JO - Economics Letters

JF - Economics Letters

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Adverse selection, endogenous borrowing constraints and firm growth

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