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 76 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 MN Pe , 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 MN Pe , 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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A-company analysis assume assumption average banker best technology bond indentures bond markets bootstrap bootstrap critical values Burundi c₁ CALIFORNIA candidates capita central bank Chaebol coefficients cointegration contract corporate bonds correlation currency composition debts developing countries distribution drug dummy effect entrepreneurs equations equilibrium equity variance exchange rate expected expenditure firm follows function GARCH Granger causality growth rate Hanyang University hedge ratio households incentive income increase indenture trustee inflation target Institute Journal of Economics Korea lenders Ln(GNP log-normal distribution low-income Malaysia Mauritania mid-size cars misperceived benefits monitoring cost Nash equilibrium negative oligopoly optimal output p-value paper period prior crisis probability of default profit regression rental cars resale values route SAN DIEGO Saving and Growth saving ratio Seasonality significant Standard Indenture Table tax policy tax rates tax ratio tion unofficial economy variables volatility voters Wald tests zero