The Design of Bank Loan Contracts, Collateral, and Renegotiation
收藏NBER1993-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4273
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资源简介：
Empirical evidence suggests that banks playa unique role in the savings-investment process, affecting firms' cost of capital and the level of investment. We argue that bank uniqueness is related to how the design of bank loan contracts allows banks to affect borrowers' choice of project risk. Unlike
提供机构：
美国国家经济研究局
创建时间：
1993-02-01
