Maturity Rationing and Collective Short-Termism
收藏NBER2014-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19946
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资源简介：
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability sides and can lead to short-termism in investment. In our model, financing frictions increase with the investment horizon, such that financing for long-term projects is relatively
提供机构：
美国国家经济研究局
创建时间：
2014-02-01
