Bankruptcy and the Collateral Channel
收藏NBER2010-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15708
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资源简介：
Do bankrupt firms impose negative externalities on their non-bankrupt competitors? We propose and analyze a collateral channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of external debt finance industry wide. To identify this
提供机构：
美国国家经济研究局
创建时间：
2010-01-01
