Data/hora: 16/06/2024 02:54:53

Provedor de dados: | 31
País: | United States
Título: | Consequences of Firms' Relational Financing in the Aftermath of the 1995 Mexican Banking Crisis
Autores: | Castañeda,   Gonzalo.
Data: | 2008-06-23
Ano: | 2005
Palavras-chave: | Relational financing; Banking crisis; Internal capital markets; L25; D82; N26.
Resumo: | This paper shows that, in the aftermath of the 1995 banking crisis, relational financing was a two-edged sword for firms listed on the Mexican Securities Market. On the negative side, only bank-linked firms observed on average a dependence on cash stock to finance their investment projects. On the positive side, the banking connection was important to boost their profit rates during the 1997-2000 period, at least for financially healthy firms. These econometric results are derived from dynamic panel data models of investment and profit rates, which are estimated by the Generalized Method of Moments, where level and difference equations are combined into a system.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

Print ISSN 1514-0326

Online ISSN 1667-6726

http://purl.umn.edu/37460

Relação: | Journal of Applied Economics&gt;Volume 8, Number 01, May 2005
Formato: | 27