On the impact of inequality on investment and occupational choice under imperfect capital markets
Direct finance such as stock and bond markets has provided an alternative source of funds for a large number of firms, which depends heavily on bank loans for credit previously. Bank loans are more expensive indeed than direct finance so that only those borrowers cannot access to capital markets tur...
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University of Nottingham
2012
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.570348 |