Why do multinational enterprises borrow from local banks?
Publication in refereed journal

香港中文大學研究人員

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其它資訊
摘要Multinational enterprise subsidiaries typically borrow from multiple banks including local banks. Bank co-financing with local bank participation hardens budget constraint because local banks have strength in seizing firm assets in liquidation. Monitoring by both local and home banks also enhances efficiency. (C) 2002 Elsevier Science B.V. All rights reserved.
著者Du JL
期刊名稱Economics Letters
出版年份2003
月份2
日期1
卷號78
期次2
出版社ELSEVIER SCIENCE SA
頁次287 - 291
國際標準期刊號0165-1765
電子國際標準期刊號1873-7374
語言英式英語
關鍵詞efficiency enhancement; home bank; legal preferential treatment; local bank; soft budget constraint
Web of Science 學科類別Business & Economics; Economics; ECONOMICS

上次更新時間 2020-26-10 於 00:46