Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
收藏NBER2003-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9643
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资源简介：
This study examines the misallocation of credit in Japan associated with the perverse incentives of banks to provide additional credit to the weakest firms. Firms are far more likely to receive additional credit if they are in poor financial condition, and these firms continue to perform poorly
提供机构：
美国国家经济研究局
创建时间：
2003-04-01
