Credit Lines as Monitored Liquidity Insurance: Theory and Evidence
收藏NBER2013-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18892
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资源简介：
We propose and test a theory of corporate liquidity management in which credit lines provided by banks to firms are a form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity-seeking behavior by firms. Firms with high liquidity risk are
提供机构：
美国国家经济研究局
创建时间：
2013-03-01
