The Impact of Banking Competition on Firm Credit Risk and Leverage
A firm’s default risk is closely related to its macrofinancial stability. As financial reform deepens, banking competition may ease firms’ credit constraints, encouraging them to increase their leverage and default risks. This study uses contingent claims analysis to examine firms’ asset–liability r...
Enregistré dans:
| Auteurs principaux: | , , |
|---|---|
| Format: | article |
| Langue: | EN |
| Publié: |
SAGE Publishing
2021
|
| Sujets: | |
| Accès en ligne: | https://doaj.org/article/7df55d8cffb045d1a6d5965b9e144a6a |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|