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As developed, the application of principal-agent theory argues that banks have less perfect information on smaller firms than larger firms (costs of gathering this information are higher) and, as a consequence, lending to smaller firms is riskier. In trying to estimate the population size of West Germany in 2002 (obviously done when there was a West Germany) demographers used three scenarios. The process would be encouraged by the development of better housing markets and better provision of local services on the one hand and by the closure of noneconomic enterprises on the other.

Pages: 2

Publisher: John Wiley & Sons; Pck edition (January 4, 2011)

ISBN: 111806481X

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