Reputation Formation in Early Bank Debt Markets
收藏NBER1993-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4400
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Two hypotheses concerning firms issuing debt for the first time are tested. The first is that new firms' debt will be discounted more heavily by lenders, compared to firms which have credit histories (but are otherwise identical), and that this excess discount declines over time as lenders observe
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美国国家经济研究局创建时间：
1993-07-01
