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Monday, May 4, 2020 | History

2 edition of Access to long term debt and effects on firms" performance found in the catalog.

Access to long term debt and effects on firms" performance

Fidel Jaramillo

Access to long term debt and effects on firms" performance

lessons from Ecuador

by Fidel Jaramillo

  • 231 Want to read
  • 32 Currently reading

Published by World Bank, Policy Research Dept., Finance and Private Sector Development Division in Washington, DC .
Written in English

    Places:
  • Ecuador
    • Subjects:
    • Business enterprises -- Ecuador -- Finance -- Econometric models.

    • Edition Notes

      StatementFidel Jaramillo and Fabio Schiantarelli.
      SeriesPolicy research working paper ;, 1725, Policy research working papers ;, 1725.
      ContributionsSchiantarelli, Fabio., World Bank. Policy Research Dept. Finance and Private Sector Development Division.
      Classifications
      LC ClassificationsHG3881.5.W57 P63 no. 1725
      The Physical Object
      Pagination26, [11] p. ;
      Number of Pages26
      ID Numbers
      Open LibraryOL300649M
      LC Control Number97207720


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Access to long term debt and effects on firms" performance by Fidel Jaramillo Download PDF EPUB FB2

Almost 30 percent of firms never have access to it during the period studied. ° Large firms are more likely to have access to long term debt than small firms. The former are on average more profitable. ° Conditional on size, operating profits do not increase the probability of receiving long-term credit and may actually decrease it.

Access to Long Term Debt and Effects on Firms' Performance: Lessons from Ecuador Article in SSRN Electronic Journal August with Reads How we measure 'reads'.

Large firms are more likely to have access to long term debt than small firms. The former are on average more profitable. Conditional on size, operating profits do not increase the probability of receiving long-term credit and may actually decrease it. This suggests that the mechanism used to allocate long-term resources in Ecuador may be by: Get this from a library.

Access to long term debt and effects on firms' performance: lessons from Ecuador. [Fidel Jaramillo; Fabio Schiantarelli; World Bank. Policy Research Department.

Finance and Private Sector Development Division.]. Access to long term debt and effects of firm's performance: lessons from Ecudaor. March large firms are more likely to have access to long term debt than small firms and are on average.

Downloadable. Recent theory increasingly emphasizes the association of short-term debt with higher-quality firms and better incentives. The possibility of premature liquidation, for example, may serve as a disciplinary device to improve firm performance. At the same time the role of long-term debt, especially when it is heavily subsidized, is being rethought because so many development banks.

Downloadable. This paper documents the maturity structure of firms` debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt.

Finally, we provide evidence on the impact of the maturity structure of debt on firms` performance. short- term debt, long- term debt and total debt effects since they have different risk and return profiles (Zuraidah et al., ).

This measure is very appropriate to be included in the measures of debt structure due to implication it normally revealed when there is an occurrence of mismatch of funding by a Size: KB.