JER, 第 10 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 2005 |
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第 1 到 3 筆結果,共 72 筆
第 110 頁
... expected return . But as r ; increases , it increases the probabil- ity of default as well , leading to an increase in the expected monitoring cost . This tends to reduce the lender's expected return . The net effect is positive at low ...
... expected return . But as r ; increases , it increases the probabil- ity of default as well , leading to an increase in the expected monitoring cost . This tends to reduce the lender's expected return . The net effect is positive at low ...
第 113 頁
... expected loan repayment and expected monitoring cost which are now functions of effort . The expected output is given by h ( e ; ) / 2 . Since effort causes disutility to the entrepreneur , therefore c ( e ; ) has to be deducted from ...
... expected loan repayment and expected monitoring cost which are now functions of effort . The expected output is given by h ( e ; ) / 2 . Since effort causes disutility to the entrepreneur , therefore c ( e ; ) has to be deducted from ...
第 118 頁
... expected loan repayment . This leaves the en- trepreneur with a larger residual output at higher effort . In other words the marginal net product from effort MNPe , which is the difference be- tween expected output and expected loan ...
... expected loan repayment . This leaves the en- trepreneur with a larger residual output at higher effort . In other words the marginal net product from effort MNPe , which is the difference be- tween expected output and expected loan ...
內容
Namwon Hyung | 49 |
Changyong Rhee Optimal Travel Path | 129 |
Bent E Sorensen Nobuhiro Mori Takao Iida Makoto Okamura On | 175 |
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