Trade Credit, Financial Intermediary Development, and Industry Growth
本文档由 enbook 分享于2010-10-30 00:12
Recent work suggests that financial development is important for economic growth, since financial markets more effectivelyallocate capital to firms with high value projects. For firms in poorly developed financial markets, implicit borrowing in the form of trade credit may provide an alternative source of funds.We show that industries with higher dependence on trade credit finan- c..
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君,已阅读到文档的结尾了呢~~