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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| Natura: | Working paper |
| Lingua: | English |
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2005
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