It takes the average reader and 22 minutes to read Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications by Efraim Sadka
Assuming a reading speed of 250 words per minute. Learn more
This paper distinguishes between debt and equity flows in the presence of information asymmetry between the firm’s “insiders” and “outsiders” in a small open economy. It shows the inadequacy of capital investment because its scope is too narrow and the investment each firm makes is too little. An unconventional policy tool is proposed to correct the market failure: lump-sum subsidies to firms that choose to equity-finance their investments.
Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications by Efraim Sadka is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications aloud.
Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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