Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis
收藏NBER2018-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24555
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资源简介：
We quantify the role of financial leverage behind the sluggish post-crisis investment performance of European firms. We use a cross-country firm-bank matched database to identify separate roles for firm leverage, bank balance sheet weaknesses arising from sovereign risk, and aggregate demand
提供机构：
美国国家经济研究局
创建时间：
2018-04-01
