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Why do multinational enterprises borrow from local banks? (2003)_香港中文大学

香港中文大学 辅仁网/2017-07-06

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


香港中文大学研究人员 ( 现职)
杜巨澜教授 (经济学系)


全文


引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/3WOS source URL

其它资讯

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.

着者Du JL
期刊名称Economics Letters
出版年份200http://aims.cuhk.edu.hk/converis/portal/Publication/3
月份2
日期1
卷号78
期次2
出版社ELSEVIER SCIENCE SA
页次287 - 291
国际标準期刊号0165-1765
电子国际标準期刊号187http://aims.cuhk.edu.hk/converis/portal/Publication/3-7http://aims.cuhk.edu.hk/converis/portal/Publication/374
语言英式英语

关键词efficiency enhancement; home bank; legal preferential treatment; local bank; soft budget constraint
Web of Science 学科类别Business & Economics; Economics; ECONOMICS

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