Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
收藏NBER1994-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4800
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资源简介：
The importance of a firm's balance sheet for determining its investment and employment decisions is the central assumption of macroeconomic models of 'debt deflation' or 'debt overhang.' According to these models, firm investment decisions are influenced not only by the fundamental opportunity set
企业资产负债表在决定其投资与雇佣决策中的重要性，是“债务通缩（debt deflation）”或“债务积压（debt overhang）”宏观经济模型的核心假设。根据这些模型，企业投资决策不仅受基本机会集（fundamental opportunity set）的影响。
提供机构：
美国国家经济研究局
创建时间：
1994-07-01
