| Author: | Cressy, R. |
| Title: | Funding gaps: a symposium |
| Journal: | Economic Journal
2002 : FEB, VOL. 112:477, p. F1-F16 |
| Index terms: | Decision making Business economics Financial theory |
| Language: | eng |
| Abstract: | Theoretical and empirical foundations of government policies to plug alleged business funding gaps are highly controversial but rarely subject tp wide-ranging in-depth debate. This symposium from major scholars in the field provides a counterbalance. Topics addressed cover the theory of lending under asymmetric information; its implications for overlending; relationship lending is a market solution to information asymmetries; government emulation of private sector decision-making to eliminate underprovision of high tech equity and theoretically-based empirical work testing for funding deficiencies in the high tech sector. |
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