Credit Relationships and Business Bankruptcy During the Great Depression
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DOI: 10.1257/mac.20150218
Abstract: Credit relationships are sticky. Stickiness makes relationships beneficial for borrowers in distress, but potentially problematic for them when lenders face distress. To examine stickiness in a time of distress, we exploit a natural experiment during… read more here.
Keywords: depression; credit; bankruptcy; business ... See more keywords