Vania Sena

Credit and Collateral

• Gebundenes Buch

Produktbeschreibung

Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research into this topic. Sena analyses three case-studies that revolve around the impact that financial constraints have on economic outcomes. In the first case-study, the relationship between firms' technical efficiency and increasing financial pressure is explored. The author then goes on to show, in the second case study, that under specific circumstances, increasing financial pressure and increasing product market competition can jointly have a positive impact on firms' technical efficiency, while not being true for all types of firms. In the third case, she analyses the impact that finance constraints have on women's start-ups.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 160
• Erscheinungstermin: 6. Dezember 2007
• Englisch
• Abmessung: 238mm x 164mm x 16mm
• Gewicht: 408g
• ISBN-13: 9780415341172
• ISBN-10: 0415341175
• Artikelnr.: 22530351

Autorenporträt

Vania Sena is currently a Senior Lecturer in Economics at Aston Business School, Aston University, Birmingham.

Inhaltsangabe

1. Introduction 2. Credit Constraints and Economic Outcomes: A Short Survey
2.1 Introduction 2.2 Asymmetric Information in the Credit Market and its
Impact on the Firm's Demand for Investment: A Brief Survey 2.3
Self-Employment Choice, Gender and Financial Constraints 2.4 Conclusions 3.
Technical Efficiency and Finance Constraints: An Empirical Analysis for the
Italian Manufacturing, 1989-1994 3.1 Introduction 3.2 Technical Efficiency
and Finance Constraints: A Partial Equilibrium Approach 3.3 The Empirical
Analysis 3.4 The Econometric Results 3.5 Concluding Remarks 4. Product
Market Competition, Financial Pressure and Producers' Cooperatives 4.1
Introduction 4.2 The General Framework 4.3 The Empirical Analysis 4.4
Concluding Remarks 5. Self-Employment and Gender: How Important are
Financial Constraints? 5.1 Introduction 5.2 The Model 5.3 The Household
Survey of Entrepreneurship (HSE) 2003 5.4 The Results 5.5 Concluding
Remarks 6. Conclusions