How costly is financial constraint ?
Financial constraint is a status of a firm when the firm's actual capital stock is lower than its desired capital stock – the capital stock level the firm would have chosen in the absence of financial frictions. Financial constraint occurs when the cost of raising external funds is higher than...
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| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2016
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| Online Access: | https://hdl.handle.net/10356/65982 |
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| Institution: | Nanyang Technological University |
| Language: | English |