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Secured and unsecured loans in the financing activities of an entrepreneur
https://kobe-cufs.repo.nii.ac.jp/records/1207
https://kobe-cufs.repo.nii.ac.jp/records/12074da7ad2c-4d22-4fbd-97f6-3da5ab77eb7a
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
ダウンロード (1.0 MB)
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| Item type | 研究報告書 / Research Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2011-03-01 | |||||
| タイトル | ||||||
| タイトル | Secured and unsecured loans in the financing activities of an entrepreneur | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Secured and Unsecured Loans | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Borrowing Constraint | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Collateral | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18ws | |||||
| 資源タイプ | research report | |||||
| 著者 |
Tomoda, Yasunobu
× Tomoda, Yasunobu× Okamura, Makoto |
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| 著者所属機関 | ||||||
| 値 | Kobe City University of Foreign Studies | |||||
| 著者所属機関 | ||||||
| 値 | Hiroshima University | |||||
| 雑誌名 |
en : Kobe city university of foreign studies working paper series 号 41, p. 1-24, 発行日 2011-03 |
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| 出版者 | ||||||
| 出版者 | Institute for foreign studies Kobe city university of foreign studies | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper considers an entrepreneur who potentially sets up a monopolistic firm but faces the risk of a demand shock. The entrepreneur has two possible choices for financing: he can use the capital good component of his production as collateral for a low interest secured loan or he can obtain funds through an unsecured loan that does not require collateral but charges a high interest rate. Through his cost minimization problem, the choice of financial contracts determines the marginal costs of production and the inputs of factors of production. The entrepreneur’s choice of financial loan, therefore, has a significant effect on the output market and may be detrimental to social welfare in some cases. | |||||
| 分類 | ||||||
| 値 | JEL classification:G21;G31;L12 | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
