Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/92800 
Autor:innen: 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 616
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
The main purpose of this paper is to present the empirical findings derived from the data of small firms that the availability of private and public information on the borrowing firm leads to diverse borrowing patterns among firms. Exploring logit models to characterize the firm's choice of a financial source, we find that firms whose information is poorly recorded, or who are publicly less recognized, are more likely to choose institutional lending over trade credit but as the recorded information becomes more organized and firms become more transparent, they tend to graduate to a greater use of trade credit.
Schlagwörter: 
availability of information
institutional lending
trade credit
nested logit models
JEL: 
C25
G21
G32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
469.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.