SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis
收藏NBER2020-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27877
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资源简介：
We study the effects of financial frictions on firm exit when firms face large liquidity shocks. We develop a simple model of firm cost-minimization, where firms borrowing capacity to smooth temporary shocks to liquidity is limited. In this framework, firm exit arises from the interaction between
提供机构：
美国国家经济研究局
创建时间：
2020-09-01
