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...
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| Auteurs principaux: | , , |
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| Format: | article |
| Langue: | EN |
| Publié: |
SAGE Publishing
2021
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| Sujets: | |
| Accès en ligne: | https://doaj.org/article/7df55d8cffb045d1a6d5965b9e144a6a |
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