Improving the supply of long-term credit to industrial firms is considered a priority for growth in developing countries. A World Bank multicounty study looks at whether a long-term credit shortage exists and, if so, whether it has had an impact on investment, productivity, and growth. The study finds that even after controlling for the characteristics of individual firms, businesses in developing countries use significantly less long-term debt than...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1998/08/01
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Журнальная статья
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76624
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1
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1
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2013/04/15
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Disclosed
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The role of long-term finance : theory and evidence
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long-term debt
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