Credit and equity rationing in markets with adverse selection
Citations
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Cited by:
- Joseph E. Stiglitz, 2004. "Information and the Change in the Paradigm in Economics, Part 2," The American Economist, Sage Publications, vol. 48(1), pages 17-49, March.
- Mäkinen, Taneli & Sarno, Lucio & Zinna, Gabriele, 2020.
"Risky bank guarantees,"
Journal of Financial Economics, Elsevier, vol. 136(2), pages 490-522.
- Sarno, Lucio & Mäkinen, Taneli & Zinna, Gabriele, 2019. "Risky Bank Guarantees," CEPR Discussion Papers 13709, C.E.P.R. Discussion Papers.
- Taneli M�kinen & Lucio Sarno & Gabriele Zinna, 2019. "Risky bank guarantees," Temi di discussione (Economic working papers) 1232, Bank of Italy, Economic Research and International Relations Area.
- Oana Secrieru & Marianne Vigneault, 2004. "Public Venture Capital and Entrepreneurship," Staff Working Papers 04-10, Bank of Canada.
- Ansgar Belke & Rainer Fehn, "undated".
"Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?,"
German Working Papers in Law and Economics
2001-default/2001/1-1008, Berkeley Electronic Press.
- Ansgar Belke & Rainer Fehn, 2001. "Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?," Vienna Economics Papers 0106, University of Vienna, Department of Economics.
- Ansgar Belke & Rainer Fehn, 2001. "Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?," CESifo Working Paper Series 504, CESifo.
- Ansgar Belke & Rainer Fehn, 2000. "Institutions and Structural Unemployment: Do Capital Market Imperfections Matter?," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 190/2000, Department of Economics, University of Hohenheim, Germany.
- Belke, Ansgar & Fehn, Rainer, 2000. "Institutions and structural unemployment: do capital-market imperfections matter?," Discussion Paper Series 40, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
- Jakob B Madsen & Sarah J Carrington, 2011. "Cycles and Corporate Investment: Direct Tests Using Survey Data on Banks’ Lending Practices," Monash Economics Working Papers 18-11, Monash University, Department of Economics.
- Cardone Riportella, Clara & Casasola, María José, 2003. "What do we know about the financial behaviour of the Spanish SME?: an empirical analysis," DEE - Working Papers. Business Economics. WB wb033708, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Robin Boadway & Jean-François Tremblay, 2003. "Public Economics and Startup Entrepreneurs," CESifo Working Paper Series 877, CESifo.
- Saul Estrin & Susanna Khavul & Mike Wright, 2022.
"Soft and hard information in equity crowdfunding: network effects in the digitalization of entrepreneurial finance,"
Small Business Economics, Springer, vol. 58(4), pages 1761-1781, April.
- Estrin, Saul & Khavul, Susanna & Wright, Mike, 2022. "Soft and hard information in equity crowdfunding: network effects in the digitalization of entrepreneurial finance," LSE Research Online Documents on Economics 109808, London School of Economics and Political Science, LSE Library.
- Hyytinen, Ari & Toivanen, Otto, 2002. "Misuse and Non-use of Information Acquisition Technologies in Banking," Discussion Papers 823, The Research Institute of the Finnish Economy.
- Holt, Richard W. P., 2003.
"Investment and dividends under irreversibility and financial constraints,"
Journal of Economic Dynamics and Control, Elsevier, vol. 27(3), pages 467-502, January.
- Richard W P Holt, 1999. "Investment and Dividends under Irreversibility and Financial Constraints," Edinburgh School of Economics Discussion Paper Series 49, Edinburgh School of Economics, University of Edinburgh.
- Richard W P Holt, 2000. "Investment and Dividends under Irreversibility and Financial Constraints," Edinburgh School of Economics Discussion Paper Series 55, Edinburgh School of Economics, University of Edinburgh.
- Pamela Góngora Salazar, 2010. "Determinantes de la volatilidad en el producto: evidencia empírica," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-47.
- Scheuer, Florian, 2013.
"Adverse selection in credit markets and regressive profit taxation,"
Journal of Economic Theory, Elsevier, vol. 148(4), pages 1333-1360.
- Florian Scheuer, 2012. "Adverse Selection In Credit Markets and Regressive Profit Taxation," NBER Working Papers 18406, National Bureau of Economic Research, Inc.
- Bruno Coric, 2010. "Investments and capital market imperfections, identification issues: a survey," Financial Theory and Practice, Institute of Public Finance, vol. 34(4), pages 407-434.
- Kjenstad, Einar C. & Su, Xunhua & Zhang, Li, 2015.
"Credit rationing by loan size: A synthesized model,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 55(C), pages 20-27.
- Kjenstad, Einar & Su, Xunhua, 2012. "Credit rationing by loan size: a synthesized model," MPRA Paper 44113, University Library of Munich, Germany.
- Stefan Kipar, 2011. "The Effect of Restrictive Bank Lending on Innovation: Evidence from a Financial Crisis," ifo Working Paper Series 109, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Dorothea Schafer & Axel Werwatz & Volker Zimmermann, 2004.
"The Determinants of Debt and (Private) Equity Financing: The Case of Young, Innovative SMEs from Germany,"
Industry and Innovation, Taylor & Francis Journals, vol. 11(3), pages 225-248.
- Schäfer, Dorothea & Werwatz, Axel & Zimmermann, Volker, 2004. "The Determinants of Debt and (Private) Equity Financing : The Case of Young, Innovative SMEs from Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(3), pages 225-248.
- repec:qeh:qehwps:qehwps39 is not listed on IDEAS
- Dorothea Schäfer & Axel Werwatz & Volker Zimmermann, 2004.
"The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs: Evidence from Germany,"
Discussion Papers of DIW Berlin
411, DIW Berlin, German Institute for Economic Research.
- Schäfer, Dorothea & Werwatz, Axel & Zimmermann, Volker, 2004. "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 (CFS).
- Zhan, Zhihao & Zhang, Anqi & Zhang, Mingxin & Zhang, Mingxin, 2024. "Unveiling the adverse selection problem in China's digital lending market: Evidence from CHFS," International Review of Financial Analysis, Elsevier, vol. 96(PA).
- Bas Jacobs & Sweder J. G. van Wijnbergen, 2007.
"Capital-Market Failure, Adverse Selection, and Equity Financing of Higher Education,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(1), pages 1-32, March.
- 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.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2005.
"Financial constraints on new firms: looking for regional disparities,"
Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 48(3), pages 217-246.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2004. "Financial constraints on new firms: looking for regional disparities," Post-Print halshs-00010375, HAL.
- Jean Bonnet & Sylvie Cieply, 2006. "Financial Constraints on New Firms: Looking for Regional Disparities," Post-Print halshs-00010383, HAL.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2006. "Financial Constraints on New Firms:Looking for Regional Disparities," Working Papers halshs-00010330, HAL.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2006. "Financial constraints on new firms: looking for regional disparities," Economics Working Paper Archive (University of Rennes & University of Caen) 200613, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Jean Bonnet & Marcus Dejardin & Sylvie Cieply, 2005. "Financial Constraints on New Firms: Looking for Regional Disparities," Papers on Entrepreneurship, Growth and Public Policy 2005-37, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2005. "Financial Constraints on New Firms : Looking for Regional Disparities," Post-Print halshs-00337429, HAL.
- Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2005. "« Financial Constraints on New Firms : Looking for Regional Disparities »," Post-Print halshs-00010304, HAL.
- Adriani, Fabrizio & Deidda, Luca G., 2011.
"Competition and the signaling role of prices,"
International Journal of Industrial Organization, Elsevier, vol. 29(4), pages 412-425, July.
- Adriani, Fabrizio & Deidda, Luca, 2008. "Competition and the signaling role of prices," MPRA Paper 16108, University Library of Munich, Germany.
- LG Deidda & F. Adriani, 2010. "Competition and the signaling role of prices," Working Paper CRENoS 201012, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- repec:bla:scotjp:v:49:y:2002:i:2:p:162-95 is not listed on IDEAS
- Karel Janda, 2003. "Credit guarantees in a credit market with adverse selection," Prague Economic Papers, Prague University of Economics and Business, vol. 2003(4), pages 331-349.
- Enyang Besong Susan & Manases Mbengwor Natu, 2022. "A critical review of information asymmetry in the business cycle: How digital ledger technology can transform and sustain the business cycle," PLOS Sustainability and Transformation, Public Library of Science, vol. 1(7), pages 1-18, July.
- Xinhua Gu & Yang Zhang & Xiaolin Qian & Haizhen Guo, 2016. "The suspension of borrowing: an implicit penalty for loan default under imperfect information," Applied Economics, Taylor & Francis Journals, vol. 48(60), pages 5882-5896, December.
- Ibrahimo, M.V. & Barros, C.P., 2009. "Relevance or irrelevance of capital structure?," Economic Modelling, Elsevier, vol. 26(2), pages 473-479, March.
- Claudio A. Piga & Gianfranco Atzeni, 2007.
"R&D Investment, Credit Rationing And Sample Selection,"
Bulletin of Economic Research, Wiley Blackwell, vol. 59(2), pages 149-178, April.
- 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.
- Stefan Kipar, 2012. "Determinants of Firm Innovation - Evidence from German Panel Data," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 45.
- De Maeseneire, Wouter & Claeys, Tine, 2012. "SMEs, foreign direct investment and financial constraints: The case of Belgium," International Business Review, Elsevier, vol. 21(3), pages 408-424.
- Notheisen, Benedikt & Weinhardt, Christof, 2019. "The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets," Working Paper Series in Economics 130, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
- Alessandro Fedele & Andrea Mantovani & Francesco Liucci, 2010.
"Credit Availability in the crisis: which role for the European Investment Bank Group?,"
Working Papers
1005, University of Brescia, Department of Economics.
- A. Fedele & A. Mantovani & F. Liucci, 2010. "Credit availability in the crisis: which role for the European Investment Bank Group?," Working Papers 699, Dipartimento Scienze Economiche, Universita' di Bologna.
- Robin Boadway & Michael Keen, 2004.
"Financing New Investments Under Asymmetric Information: A General Approach,"
Working Paper
1017, Economics Department, Queen's University.
- Robin Boadway & Michael Keen, 2004. "Financing New Investments under Asymmetric Information: a General Approach," Cahiers de recherche 0407, CIRPEE.
- Boadway, Robin & Keen, Michael, 2004. "Financing New Investments under Asymmetric Information: A General Approach," Queen's Economics Department Working Papers 273453, Queen's University - Department of Economics.
- Stiglitz, Joseph E., . "Informacja i zmiana paradygmatu w ekonomii," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2004(3).
- Winand Emons, 2007.
"Conditional versus contingent fees,"
Oxford Economic Papers, Oxford University Press, vol. 59(1), pages 89-101, January.
- Emons, Winand, 2004. "Conditional versus Contingent Fees," CEPR Discussion Papers 4532, C.E.P.R. Discussion Papers.
- Winand Emons, 2004. "Conditional versus Contingent Fees," Diskussionsschriften dp0409, Universitaet Bern, Departement Volkswirtschaft.
- Cardone Riportella, Clara & Casasola, María José & Samartín, Margarita, 2005. "Do banking relationships improve credit conditions for Spanish SMEs?," DEE - Working Papers. Business Economics. WB wb052806, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- 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.
- Bianco, Magda & Nicodano, Giovanna, 2006. "Pyramidal groups and debt," European Economic Review, Elsevier, vol. 50(4), pages 937-961, May.
- Przemysław Jeziorski & Elena Krasnokutskaya & Olivia Ceccarini, 2019. "Skimming from the Bottom: Empirical Evidence of Adverse Selection When Poaching Customers," Marketing Science, INFORMS, vol. 38(4), pages 543-566, July.
- Driffield, Nigel & Pal, Sarmistha, 2006.
"Do external funds yield lower returns?: Recent evidence from East Asian economies,"
Journal of Asian Economics, Elsevier, vol. 17(1), pages 171-188, February.
- Sarmistha Pal & Nigel Driffield, 2003. "Do External Funds Yield Lower Returns ? Recent Evidence From East Asian Economies," Finance 0309002, University Library of Munich, Germany, revised 15 Mar 2004.
- Sarmistha Pal, 2005. "Do External Funds Yield Lower Returns? Recent Evidence From East Asian Economies," Development and Comp Systems 0512021, University Library of Munich, Germany.
- Luis H. B. Braido & Carlos E. da Costa & Bev Dahlby, 2011.
"Adverse Selection and Risk Aversion in Capital Markets,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 67(4), pages 303-326, December.
- Luis Braido & Carlos da Costa & Bev Dahlby, 2009. "Adverse Selection and Risk Aversion in Capital Markets," Working Papers 2009-15, University of Alberta, Department of Economics.
- Rishabh, Kumar, 2021. "Bank as a Venture Capitalist," Working papers 2021/09, Faculty of Business and Economics - University of Basel.
- Gerber, Anke, 2008. "Direct versus intermediated finance: An old question and a new answer," European Economic Review, Elsevier, vol. 52(1), pages 28-54, January.
- Mr. Biaggio Bossone & Mr. Sandeep Mahajan & Mr. Farah Zahir, 2003. "Financial Infrastructure, Group Interests, and Capital Accumulation: Theory, Evidence, and Policy," IMF Working Papers 2003/024, International Monetary Fund.
- Estrin, Saul & Gozman, Daniel & Khavul, Susanna, 2017. "Equity crowdfunding and early stage entrepreneurial finance: damaging or disruptive?," LSE Research Online Documents on Economics 86590, London School of Economics and Political Science, LSE Library.
- Grundy, Bruce D. & Verwijmeren, Patrick, 2020. "The external financing of investment," Journal of Corporate Finance, Elsevier, vol. 65(C).
- Zou, Liang & Sun, Laixiang, 2000. "Liability Sharing as a Mechanism to Improve Firms' Investment and Liquidation Decisions," Journal of Comparative Economics, Elsevier, vol. 28(4), pages 739-761, December.
- Fehn, Rainer, 2001. "Korporatismus auf dem Arbeitsmarkt und institutionelle Rahmenbedingungen auf dem Kapitalmarkt: zwei Seiten ein- und derselben Medaille?," Discussion Paper Series 46, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
- Gianfranco E. Atzeni & C. 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.
- Karel Janda, 2008. "Which Government Interventions Are Good in Alleviating Credit Market Failures?," Working Papers IES 2008/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2008.
- Saul Estrin & Daniel Gozman & Susanna Khavul, 2017. "Equity crowdfunding and early stage entrepreneurial finance: damaging or disruptive?," CEP Discussion Papers dp1498, Centre for Economic Performance, LSE.
- Jonas Löher & Stefan Schneck & Arndt Werner, 2018.
"A research note on entrepreneurs’ financial commitment and crowdfunding success,"
Venture Capital, Taylor & Francis Journals, vol. 20(3), pages 309-322, July.
- Löher, Jonas & Schneck, Stefan & Werner, Arndt, 2018. "A research note on entrepreneurs' financial commitment and crowdfunding success," Working Papers 03/18, Institut für Mittelstandsforschung (IfM) Bonn.
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"On the Possibility of Credit Rationing in the Stiglitz-Weiss Model,"
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- Anke Gerber, "undated". "Direct versus Intermediated Finance: an Old Question and a New Answer," IEW - Working Papers 087, Institute for Empirical Research in Economics - University of Zurich.
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