Optimal lending contracts with long run borrowing constraints [electronic resource] / May Li.
Optimal lending contracts with long run borrowing constraints [electronic resource] / May Li.
Optimal lending contracts with long run borrowing constraints [electronic resource] / May Li.
About this item
Full title
Author / Creator
Publisher
Parkville, Vic. : Dept. of Economics, University of Melbourne, 2009.
Date
2009.
Record Identifier
MMS ID
Language
English
Formats
Publication information
Publisher
Parkville, Vic. : Dept. of Economics, University of Melbourne, 2009.
Series
Place of Publication
Victoria
Date Published
2009.
Subjects
More information
Scope and Contents
Summary
This paper discusses two ways to amend the optimal lending contract under asymmetric information studied in Clementi and Hopenhayn (2006) to change its long-run implications so that firm growth and exit driven by borrowing constraints exist in the long run. One way assumes that the entrepreneur has a lower discount factor than the bank, and the ot...
Alternative Titles
Full title
Optimal lending contracts with long run borrowing constraints [electronic resource] / May Li.
Authors, Artists and Contributors
Author / Creator
Author / Artists
Notes
General note
Research paper / University of Melbourne, Dept. of Economics, 0819-2642 ; no. 1065.
Title from title screen (viewed on Sept. 20, 2011)
"October 2009".
Includes bibliographical references (p. 25-26)
System details note
Mode of access: Internet via World Wide Web. Address as at 20/09/2011: http://www.economics.unimelb.edu.au/research/workingPapers.html.
System requirements: Adobe Acrobat reader to access the document in PDF format.
Contextual Information
Other version (online)
Identifiers
Primary Identifiers
Record Identifier
74VvKx6NqRDA
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/74VvKx6NqRDA
Other Identifiers
ISBN
9780734040299
DDC
658.15
MMS ID
991007962369702626
