A Theory of Cash Flow-Based Financing with Distress Resolution
收藏NBER2022-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29712
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资源简介：
We develop a dynamic contracting theory of asset- and cash flow-based financing that demonstrates how firm, intermediary, and capital market characteristics jointly shape firms financing constraints. A firm with imperfect access to equity financing covers financing needs through costly sources: an
提供机构：
美国国家经济研究局
创建时间：
2022-01-01
