Credit can precipitate firm failure: Evidence from Kenyan manufacturing in the 1990s

This paper models firm survival in Kenyan manufacturing with a particular emphasis on the effect of credit on firm resilience. The paper explores how firms coped with the challenging economic environment that prevailed in the 1990s particularly the effect of the dramatic increase in interest rates....

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Bibliographic Details
Main Author: Nkurunziza, J
Format: Working paper
Language:English
Published: 2005
Subjects: