Liquidity, Pledgeability, and the Nature of Lending
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下载链接：
https://www.nber.org/papers/w28377
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资源简介：
We develop a theory of how corporate lending and financial intermediation change based on the fundamentals of the firm and its environment. We focus on the interaction between the prospective net worth or liquidity of an industry and the firms internal governance or pledgeability. Variations in
提供机构：
美国国家经济研究局
创建时间：
2021-01-01
