Full Citation

Title: Contributions to the Current Debates on the Financial Markets and on Environmental Policy in China

Citation Type: Dissertation/Thesis

Publication Year: 2017

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Access to financing is one of the main issues firms are dealing with. In general, financial constraints determine firms’ development and their size distribution (Angelini and Generale, 2008). Especially for small and medium-sized firms with constrained access to bond or equity markets (The Economist, 2015), bank loans account for the primary part of external financing (Berger and Udell, 2002). This project analyzes how entrepreneurs and banks interact by modeling long-term credit relationships between them. Long-term credit relationships help to overcome information asymmetries through dynamic contracting. To the best of our knowledge we are the first who deal with such a long-term lending relationship in a general equilibrium framework . . .

Url: https://www.zora.uzh.ch/id/eprint/133581/1/20173209.pdf

User Submitted?: No

Authors: Zhao, Yingnan

Institution: University of Zurich

Department: Economics

Advisor:

Degree: PhD

Publisher Location:

Pages:

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

Countries: