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Credit and equity rationing in markets with adverse selection

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Author Info
Hellmann, Thomas
Stiglitz, Joseph

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File URL: http://www.sciencedirect.com/science/article/B6V64-3Y9V47K-4/2/39cd1422e870474f363111528842cfde
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Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 44 (2000)
Issue (Month): 2 (February)
Pages: 281-304
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Handle: RePEc:eee:eecrev:v:44:y:2000:i:2:p:281-304

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  1. Jean Bonnet & Marcus Dejardin & Sylvie Cieply, 2005. "Financial Constraints on New Firms: Looking for Regional Disparities," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-37, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  2. Richard Holt, 2004. "Investment, Irreversibility, and Financial Imperfections," ESE Discussion Papers 54, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
  3. Dorothea Schäfer & Axel Werwatz & Volker Zimmermann, 2003. "The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs: Evidence from Germany," CFS Working Paper Series 2004/06, Center for Financial Studies. [Downloadable!]
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  4. Clara Cardone & Maria-Jose Casasola & Margarita Samartin, 2005. "Do Banking Relationships Improve Credit Conditions For Spanish Smes?," Business Economics Working Papers wb052806, Universidad Carlos III, Departamento de Economía de la Empresa. [Downloadable!]
  5. Ansgar Belke & Rainer Fehn, 2001. "Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?," Vienna Economics Papers 0106, University of Vienna, Department of Economics. [Downloadable!]
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  6. Clara Cardone & María J. Casasola, 2003. "What Do We Know About The Financial Behaviour Of The Spanish Sme?: An Empirical Analysis," Business Economics Working Papers wb033708, Universidad Carlos III, Departamento de Economía de la Empresa. [Downloadable!]
  7. Bertocco Giancarlo, 2001. "Do information asymmetries constitute a solid foundation for the elaboration of a Keynesian theory of credit and financial institutions?," Economics and Quantitative Methods qf0111, Department of Economics, University of Insubria. [Downloadable!]
  8. Robin Boadway & Jean-Francois Tremblay, 2003. "Public Economics and Startup Entrepreneurs," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  9. Cobham, Alex, 2001. "EMU, Monetary Policy and the Role of Financial Constraints," EIFC - Technology and Finance Working Papers 6, United Nations University, Institute for New Technologies. [Downloadable!]
  10. Bas Jacobs & Sweder J.G. van Wijnbergen, 2005. "Capital Market Failure, Adverse Selection and Equity Financing of Higher Education," Tinbergen Institute Discussion Papers 05-037/3, Tinbergen Institute. [Downloadable!]
  11. Richard Holt, 2004. "Investment and Dividends under Irreversibility and Financial Constraints," ESE Discussion Papers 55, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
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  12. Robin Boadway & Michael Keen, 2004. "Financing New Investments under Asymmetric Information: a General Approach," Cahiers de recherche 0407, CIRPEE. [Downloadable!]
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  13. Alexander Cobham, . "Making Bad Decisions: firm size and investment under uncertainty," QEH Working Papers qehwps39, Queen Elizabeth House, University of Oxford. [Downloadable!]
  14. Sarmistha Pal & Nigel Driffield, 2003. "Do External Funds Yield Lower Returns ? Recent Evidence From East Asian Economies," Finance 0309002, EconWPA, revised 15 Mar 2004. [Downloadable!]
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  15. Gianfranco Atzeni & Claudio Piga, 2003. "Credit Rationing in High-Tech firms and sample selection," Working Paper CRENoS 200304, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
  16. Ari Hyytinen & Otto Toivanen, 2002. "Misuse and Non-use of Information Acquisition Technologies in Banking," Discussion Papers 823, The Research Institute of the Finnish Economy. [Downloadable!]
  17. Biaggio Bossone & Sandeep Mahajan & Farah Zahir, 2003. "Financial Infrastructure, Group Interests, and Capital Accumulation: Theory, Evidence, and Policy," IMF Working Papers 03/24, International Monetary Fund. [Downloadable!]
  18. Gianfranco Atzeni & Claudio Piga, 2005. "R&D investment, Credit Rationing and Sample Selection," Discussion Paper Series 2005_6, Department of Economics, Loughborough University, revised Jun 2005. [Downloadable!]
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  19. Winand Emons, 2004. "Conditional versus Contingent Fees," Diskussionsschriften dp0409, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
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  20. Ari Hyytinen & Otto Toivanen, 2004. "Vertical Differentiation, Asymmetric Information and Endogenous Bank Screening," Topics in Theoretical Economics, Berkeley Electronic Press, vol. 4(1), pages 1041-1041. [Downloadable!] (restricted)
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