Information disclosure strategies and bank interest rates pricing decisions

IF 2.9 3区 经济学 Q1 ECONOMICS
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引用次数: 0

Abstract

A joint decision-making model for debt financing and operations is constructed in this study. The proposed model is designed so that enterprises can actively adjust the transparency of private information while considering the risks of corporate bankruptcy, bank premium behavior, and possible damage to the product market. We systematically analyzed the mechanisms of bank interest rate pricing, corporate information transparency, and corresponding stocking strategies. We examined the impact of the companies’ inventories and transparency of different types of information on bank interest rates, which revealed financing and management-related decision-making issues based on the bank’s interest rate response function. Various levels of information transparency are appropriate for companies in the context of debt financing. We discuss the impact of changes in exogenous parameters in the product and financial markets on the basis of global equilibrium, as well as corporate characteristics affecting optimal decision-making.

信息披露策略与银行利率定价决策
本研究构建了债务融资与运营的联合决策模型。该模型旨在使企业在考虑企业破产风险、银行溢价行为和可能对产品市场造成的损害的同时,主动调整私人信息的透明度。我们系统分析了银行利率定价机制、企业信息透明度以及相应的备货策略。我们研究了企业存货和不同类型信息透明度对银行利率的影响,在银行利率反应函数的基础上揭示了与融资和管理相关的决策问题。在债务融资方面,不同程度的信息透明度都适合企业。我们在全球均衡的基础上讨论了产品和金融市场外生参数变化的影响,以及影响最优决策的企业特征。
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来源期刊
CiteScore
6.00
自引率
2.90%
发文量
118
期刊介绍: The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.
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