DON'T BANK ON THE BOMB: A GLOBAL REPORT ON THE FINANCING OF NUCLEAR WEAPONS PRODUCERS
DON'T BANK ON THE BOMB: A GLOBAL REPORT ON THE FINANCING OF NUCLEAR WEAPONS PRODUCERS
As can be seen in Table 1, the number of observations available is large and has grown continuously throughout the period studied. Overall, there are data on over 3 million loans for the five dates analysed. This number of observations ensures the efficiency of the econometric estimates presented in the following section. The majority of companies’ loans are not secured by collateral, or in other words, have only a personal guarantee. Thus, on average, almost 85% of loans have no collateral. Loa