English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113656/144643 (79%)
Visitors : 51720609      Online Users : 623
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/73964
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/73964


    Title: Credit Rationing for Bad Companies in Bad Years: Evidence from Bank Loan Transaction Data
    Authors: Shen, Chung-Hua
    沈中華
    Contributors: 金融系
    Keywords: equilibrium credit rationing;backward-bent loan supply;bank loan transaction data;disequilibrium model
    Date: 2002
    Issue Date: 2015-03-23 18:20:22 (UTC+8)
    Abstract: This paper examines whether or not there is equilibrium credit rationing using Taiwan banks loans` transaction data. Our transaction data are unique since they help us to identify the exact lenders and borrowers, thus reducing the aggregation bias. This paper raises three hypotheses to test equilibrium credit rationing. First, we argue that the loan supply should bend backward to be consistent with equilibrium credit rationing. Second, credit rationing is expected to be more severe in bad years than in good years, suggesting stronger asymmetric information during turbulent days. Third, the asymmetric information is more severe for bad companies than for good companies. Our results support almost all hypotheses except when a bad company is similarly credit rationed as a good company in bad years.
    Relation: International Journal of Finance & Economics, 7(3), 261-278
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1002/ijfe.188
    DOI: 10.1002/ijfe.188
    Appears in Collections:[金融學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML21127View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback