| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Consequences of Firms' Relational Financing in the Aftermath of the 1995 Mexican Banking Crisis
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| Autores: |
Castañeda, Gonzalo
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| Data: |
2008-06-23
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| Ano: |
2005
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| Palavras-chave: |
Relational financing
Banking crisis
Internal capital markets
L25
D82
N26
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
Print ISSN 1514-0326
Online ISSN 1667-6726
http://purl.umn.edu/37460
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| Relação: |
Journal of Applied Economics>Volume 8, Number 01, May 2005
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| Formato: |
27
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