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文章基本信息

  • 标题:BORROWING BEHAVIOR OF THE PROPRIETARY FIRM: DO SOME RISK-AVERSE EXPECTED UTILITY MAXIMIZERS PLUNGE?
  • 本地全文:下载
  • 作者:Collins, Robert A. ; Gbur, Edward E.
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:1991
  • 页码:251-258
  • 出版社:Journal of Agribusiness
  • 摘要:When a proprietor's liability is limited, borrowing behavior for an expected utility maximizer may vary widely. Proprietors with little to lose may rationally choose very large debt levels while others may choose to finance with 100% equity. This article presents a theory to explain these widely observed variations in behavior.
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