Households as corporate firms
Subtitle: an analysis of household finance using integrated household surveys and corporate financial accounting
By: Krislert Samphantharak, Robert M. Townsend.
Contributors: Townsend, Robert M., 1948-
Series: Econometric society monographs -- 46
Publisher: Cambridge University Press
Published: 2009
Place of publication: New York
Language: eng
ISBN-13: 9780521195829
Subjects: Households -- Economic aspects; Household surveys -- Accounting
Description: "This investigation proposes a conceptual framework for measurement necessary for an analysis of household finance and economic development. The authors build on and, where appropriate, modify corporate financial accounts to create balance sheets, income statements, and statements of cash flows for households in developing countries, using an integrated household survey. The authors also illustrate how to apply the accounts to an analysis of household finance that includes productivity of household enterprises, capital structure, liquidity, financing, and portfolio management. The conceptualization of this analysis has important implications for measurement, questionnaire design, the modeling of household decisions, and the analysis of panel data"--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: Part I. Households as Corporate Firms: 1. Introduction; 2. Conceptual framework; Part II. Household Financial Accounting: 3. Household surveys; 4. Constructing household financial statements from a household survey; Part III. Household Finance: 5. Financial analysis; 6. An application: liquidity constraints, kinship networks, and the financing of household investment; 7. Discussion: measurement and modeling.