State dependence in access to credit

• We investigate if firms’ access to credit is characterized by state dependence. • We introduce a first-order Markov model of credit restriction with sample selection to identify state dependence in the presence of unobserved heterogeneity. • Results on a sample of Italian firms show that state dep...
Ausführliche Beschreibung

Gespeichert in:
Autor*in:

Pigini, Claudia [verfasserIn]

Presbitero, Andrea F.

Zazzaro, Alberto

Format:

E-Artikel

Sprache:

Englisch

Erschienen:

2016

Schlagwörter:

C33

C35

F34

F33

F35

Umfang:

18

Übergeordnetes Werk:

Enthalten in: Asian Paints Limited: financial results for the quarter ended 30 Jun 2017 - 2017, Amsterdam [u.a.]

Übergeordnetes Werk:

volume:27 ; year:2016 ; pages:17-34 ; extent:18

Links:

Volltext

DOI / URN:

10.1016/j.jfs.2016.08.003

Katalog-ID:

ELV029619807

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