Economic policy makers traditionally hold the view that, because of imperfections in capital markets, a shortage of long-term finance acts as a barrier to industrial performance and growth. Long term finance is thought to allow firms to invest in more productive technologies, even when they do not produce immediate payoffs, without fear of premature liquidation. As a result, special state-supported term-lending institutions have been established...
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1997/02/28
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Рабочий документ в рамках исследования вопросов политики
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WPS1724
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1
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1
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2010/07/01
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Debt maturity and firm performance : a panel study of Indian companies
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rate of growth of output
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