Maturity Mismatching and “Market Failure”
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DOI: 10.1007/s10551-015-2706-1
Abstract: The present article is a continuation of the debate two sets of authors (Bagus and Howden vs. Barnett and Block) have been engaging in regarding one type of maturity mismatching: borrowing short and lending long… read more here.
Keywords: bagus howden; maturity mismatching; market failure;
Entrepreneurial Error Does Not Equal Market Failure
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DOI: 10.1007/s10551-016-3123-9
Abstract: Barnett and Block (2015) claim that Bagus and Howden (2012b) support indirectly the concept of market failure. In this paper, we show that maturity mismatching in an unhampered market may imply entrepreneurial error but cannot… read more here.
Keywords: market failure; entrepreneurial error; maturity mismatching; market ... See more keywords