Credit Information Quality and Corporate Debt Maturity is popular PDF and ePub book, written by Marco Sorge in 2007, it is a fantastic choice for those who relish reading online the Access to Finance genre. Let's immerse ourselves in this engaging Access to Finance book by exploring the summary and details provided below. Remember, Credit Information Quality and Corporate Debt Maturity can be Read Online from any device for your convenience.

Credit Information Quality and Corporate Debt Maturity Book PDF Summary

This paper provides new theoretical and empirical evidence suggesting that the quality of credit information may be a key element in explaining the maturity structure of corporate debt around the world. In markets with poor credit information and hence a high degree of uncertainty about borrower quality, the authors find suboptimal equilibria in which short-term contracts are preferred either as a hedge against uncertainty to limit losses in bad states (in the symmetric information case) or as a screening device to learn about borrower credit quality in the course of a repeated lending relationship (in the asymmetric information case). The results of the model are supported by the econometric analysis of panel data from both industrial and developing economies. The authors find that countries with better quality of credit information (for example, as a result of improvements in credit reporting systems or accounting standards) are characterized by a higher share of long-term debt as a proportion of total corporate debt ceteris paribus. The findings suggest that promoting institutions and policies to improve the quality of credit information is an important prerequisite for increasing access of firms to long-term finance.

Detail Book of Credit Information Quality and Corporate Debt Maturity PDF

Credit Information Quality and Corporate Debt Maturity
  • Author : Marco Sorge
  • Release : 23 September 2024
  • Publisher : World Bank Publications
  • ISBN : 978186723xxxx
  • Genre : Access to Finance
  • Total Page : 43 pages
  • Language : English
  • PDF File Size : 19,6 Mb

If you're still pondering over how to secure a PDF or EPUB version of the book Credit Information Quality and Corporate Debt Maturity by Marco Sorge, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.

Get Book

Debt Maturity and the Use of Short Term Debt

Debt Maturity and the Use of Short Term Debt Author : Sophia Chen,Mrs.Paola Ganum,Lucy Qian Liu,Mr.Leonardo Martinez,Mr.Maria Soledad Martinez Peria
Publisher : International Monetary Fund
File Size : 19,9 Mb
Get Book
The maturity structure of debt can have financial and real consequences. Short-term debt exposes bor...

Securitization and Credit Quality

Securitization and Credit Quality Author : David Marques-Ibanez
Publisher : International Monetary Fund
File Size : 28,8 Mb
Get Book
Banks are usually better informed on the loans they originate than other financial intermediaries. A...

Global Waves of Debt

Global Waves of Debt Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
File Size : 10,5 Mb
Get Book
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The...

Credit and Debt in Indonesia 860 1930

Credit and Debt in Indonesia  860 1930 Author : David Henley,Peter Boomgaard
Publisher : Institute of Southeast Asian Studies
File Size : 43,8 Mb
Get Book
Credit and debt are practical concerns of all times and places. They are also increasingly important...

Finance for All

Finance for All Author : World Bank
Publisher : World Bank Publications
File Size : 26,8 Mb
Get Book
Access to financial services varies sharply around the world. In many developing countries less than...