search query: @author Guiso, L. / total: 8
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| Author: | Guiso, L. |
| Title: | High-tech firms and credit rationing |
| Journal: | Journal of Economic Behavior and Organization
1998 : VOL. 35:1, p. 39-60 |
| Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION COMPANIES |
| Language: | eng |
| Abstract: | Informational fictions between borrowers and lenders differ across classes of borrowers. Innovative firms undertake high-risk-high-return projects which are likely to be little understood by financial intermediaries. As a consequence, they may end up allocating too large a share of funds to traditional, low-risk-low-return projects. This proposition finds some support in a cross-section of Italian manufacturing firms. |
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