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How Does Government Borrowing Affect Corporate Financing and Investment?

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NBER2014-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20581
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资源简介:
Using a novel dataset of accounting and market information that spans most publicly traded nonfinancial firms over the last century, we show that U.S. federal government debt issuance significantly affects corporate financial policies and balance sheets through its impact on investors' portfolio
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2014-10-01
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