The respective study covers three aspects; factors determining credit rating, credit rating impact on performance of entities and the relation between stock returns and credit rating. The study focuses on the firms listed in Taiwan Stock Exchange (TSE) of Taiwan. The empirical analysis uses the data of 50 firms rated by Taiwan Ratings Corporation (TRC) for the period 2010-2015. Two estimation t...

Traditional supply chain inventory modes with trade credit usually only assumed that the up-stream suppliers offered the down-stream retailers a fixed credit period. However, in practice the retailers will also provide a credit period to customers to promote the market competition. In this paper, we formulate an optimal supply chain inventory model under two levels of trade credit policy with d...

We develop a simple model of credit market imperfections, in which the agents have access to a variety of investment projects, which differ in productivity, in the investment size, and in the severity of the agency problems behind the borrowing constraints. A movement in borrower net worth can shift the composition of the credit between projects with different productivity levels. The model thu...

This study was conducted in Abia state, Nigeria with specific objectives to: describe socio economic characteristics of ADP and non-ADP contact farmers; estimate profitability level of the two farmer groups; compare profitability of cassava production among the two farmer groups; determine factors that influence profitability of ADP and non-ADP contact cassava farmers and identify problems cons...

 We examine permanent effects of monetary expansion in an economy where access to credit for financing consumption and investment is limited and consumers and firms are cash-constrained. The main difference between our model with those of Cooley-Hanson (1989) and Walsh (2003) is that investment, in addition to consumption, is subject to a cash-constraint. In this respect, our model is...

credit risk is defined as a situation in which the liability itself and its interests are not paid back based on the terms determined in contract. in fact, it is considered as the most important risk each bank has to encounter, among the ones present in banking operations, which is actually because of bank's later life being dependent on it. therefore, carefully taken into account, the fac...

We are interested in the occurrence of expectation-driven fluctuations of a rational bubble and the (de-)stabilizing role of monetary policy. Our explanation of fluctuations is based on credit market imperfections. For this purpose, we consider an overlapping generations exchange economy where households realize a portfolio choice between money and bubble. Money is held because of a partial cas...

the study focused on the analysis of production and marketing constraints of tomato among rural farmers in talensi nabdam district of upper east region of ghana.a total of 100 respondents were interviewed using questionnaire. data was analyzed using descriptive statistics to describe the socio economic characteristics of the farmers and kendall’s coefficient of concordance was used to rank the ...

We consider a set U of users connected in a social network GS = (U,F ), where the social link set F ⊂ U × U defines the friends relations between users. If user i treats j as his friend, i connects to j through a directed link 〈i, j〉 ∈ F . Suppose each user can provide some services, and also want to consume some services provided by other users. We can define a demand graph GD = (U,D), where D...