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The Optimal Concentration of Creditors

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NBER2001-12-01 更新2025-01-04 收录
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There are situations in which dispersed creditors (e.g., public creditors) have more difficulties and higher costs when collecting their claims in financial distress than concentrated creditors (e.g., banks). Under this assumption, our model predicts that measures of debt concentration relate [a]

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2001-12-01
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