How Valuable is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis
收藏数据链接：
官方服务：
资源简介：
Firms with greater financial flexibility should be better able to fund a revenue shortfall resulting from the COVID-19 shock and benefit less from policy responses. We find that firms with high financial flexibility experience a stock price drop lower by 26% or 9.7 percentage points than those with
提供机构：
美国国家经济研究局创建时间：
2020-05-01
