Essays about: "Credit Rationing"

Showing result 1 - 5 of 6 essays containing the words Credit Rationing.

1. 1. The Zero-leverage Puzzle : Evidence from Sweden

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Karin Spennare; [2021]
   Keywords : financing decisions; capital structure; zero leverage; debt conservatism; financial constraints; financial flexibility;

   Abstract : This study investigates why some firms have no debt in their capital structure despite the potential benefits of leverage. A logistic regression analysis is used to examine the impact of firm-specific characteristics on a firm’s propensity to have zero leverage. READ MORE

3. 2. Credit tightening and financial debt sustainability: a panel approach to Italian firm-level data

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Chiara Billi; [2016]
   Keywords : panel data; corporate distress; bank lending; credit rationing;

   Abstract : The aim of this paper is to examine how the macroeconomic shock caused by the sovereign debt crisis of 2012, through its impact on credit markets, was transmitted to the debt sustainability of Italian manufacturing firms. Using original panel data on 12,103 firms and adopting a fixed effects strategy I test the existence and the impact of the bank lending and balance sheet transmission channels on corporate debt sustainability. READ MORE

4. 3. Credit Guarantee Schemes in European Economies: The Potential Impact of Different Financial Systems

   University essay from Lunds universitet/Ekonomisk-historiska institutionen

   Author : Sandra Hall; [2016]
   Keywords : Credit guarantee scheme; SME; financial system; capital market; Business and Economics; Social Sciences;

   Abstract : The access to credit for micro, small and medium enterprises is argued to be suffering from market disequilibrium with information asymmetries, adverse selection and capital rationing being present. Different instruments can and have been used by policy makers to try to battle these problems. READ MORE

5. 4. Financing frictions: Collateral and its Effect on Firm Investment in Europe

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johan Möller; Frej Andreassen; [2013]
   Keywords : Collateral; Credit rationing; Firm investment; Financing frictions; Real estate;

   Abstract : This thesis examines financing frictions in the European market by investigating how exogenous variation in firms' collateral through real estate value variation affects firm investment. Using a nine years dataset on European firms, we conclude that the collateral channel effect is as prominent in Europe as the one found in USA by other authors. READ MORE

6. 5. Property rights in Kosovo - Analyzing the impact on access to credit

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Lotta Moberg; [2010]
   Keywords : property rights; institutions; Banking; credit access; credit rationing; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

   Abstract : After the war in Kosovo in 1999 there was much confusion over property ownerships. This essay examines the importance of increased property rights for economic development in the region since then. The link in focus is that between the decisions over property disputes after 1999 and the access to bank credit. READ MORE