فراتر از ورشکستگی: آیا کد ورشکستگی آمریکا یک شروع تازه برای کارآفرینان ارائه می کند؟
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|48278||2013||19 صفحه PDF||سفارش دهید||16858 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Journal of Banking & Finance, Volume 37, Issue 11, November 2013, Pages 4198–4216
However, the one area of concern that persists after a filing is financing or credit access. In general, these firms have a nearly 24 percentage point higher likelihood of being denied a loan and are charged interest rates that are more than 1 percentage point higher than those charged to other businesses. A bankruptcy affects all types of financing, even trade credit, which is a significant form of lending between businesses. In fact, it appears that firms with a bankruptcy record are rationed out of the market, with all types of loans being denied at significantly higher rates than other firms. Further, my results show that bankruptcy leads to a class of discouraged borrowers who are significantly less likely to even apply for a loan.