The Role of Banks in Reducing the Costs of Financial Distress in Japan
收藏NBER1990-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3435
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资源简介：
This paper explores the idea that financial distress is costly because free-rider problems and information asymmetries make it difficult for firms to renegotiate with their creditors in times of distress. We present evidence consistent with this view by showing Japanese firms with financial
提供机构：
美国国家经济研究局
创建时间：
1990-09-01
