Financial Market Constraints and Private Investment in a Developing Country /

Firms in developing countries that seek outside financing for investment must often choose their debt-equity combinations in the face of financial market constraints on debt service, on outside equity financing, and on internal finance (endowments). Inefficiencies in the allocation of available fina...

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Bibliografski detalji
Glavni autor: Johnson, Omotunde
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1990.
Serija:IMF Working Papers; Working Paper ; No. 1990/121
Online pristup:Full text available on IMF
Opis
Sažetak:Firms in developing countries that seek outside financing for investment must often choose their debt-equity combinations in the face of financial market constraints on debt service, on outside equity financing, and on internal finance (endowments). Inefficiencies in the allocation of available finance and in the equity-debt choices that can ensue can be prevented by appropriate policy measures to improve information on profitable investment opportunities and about firms; to directly strengthen financial intermediation; and to support appropriate credit guarantee schemes.
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Opis:1 online resource (31 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students