Title:

Optimal Lending Contracts and Firm Dynamics

Authors:

Rui Albuquerque (U Rochester)
Hugo Hopenhayn (U Rochester, U Torcuato di Tella)

Journal:

Review Of Economic Studies

Year:

2004

Volume:

71

Pages:

285-315

JEL codes:

G31 - Capital Budgeting; Fixed Investment and Inventory Studies
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
D92 - Intertemporal Firm Choice and Growth, Investment, or Financing