Understanding informal financing

ACDE Seminar


Meijun Qian, College of Business and Economics, The ANU


Other, please see description for details


Tuesday, 19 November, 2019 - 14:00 to 15:30

This paper offers a framework to understand informal financing based on mechanisms to deal with asymmetric information and enforcement. It finds that constructive informal financing such as trade credits and family borrowing that relies on information advantages or an altruistic relationship is associated with good firm performance. Underground financing such as money lenders who use violence for enforcement is not.

Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/15091/understanding-informal-financing


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