| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15735 |
| 来源ID | Working Paper 15735 |
| Vintage Capital and Creditor Protection | |
| Efraim Benmelech; Nittai K. Bergman | |
| 发表日期 | 2010-02-11 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We provide novel evidence linking the level of creditor protection provided by law to the degree of usage of technologically older, vintage capital in the airline industry. Using a panel of aircraft-level data around the world, we find that better creditor rights are associated with both aircraft of a younger vintage and newer technology as well as firms with larger aircraft fleets. We propose that by mitigating financial shortfalls, enhanced legal protection of creditors facilitates the ability of firms to make large capital investments, adapt advanced technologies and foster productivity. |
| 主题 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Financial Economics ; Corporate Finance ; Industrial Organization ; Industry Studies |
| URL | https://www.nber.org/papers/w15735 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573409 |
| 推荐引用方式 GB/T 7714 | Efraim Benmelech,Nittai K. Bergman. Vintage Capital and Creditor Protection. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15735.pdf（389KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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