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The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis

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NBER2012-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w17756
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Using Korean firm-level data on publicly-listed and privately-held firms together with firm exit data, we find strong evidence of the balance-sheet effect for small firms at both the intensive and extensive margins. During the crisis, small firms with more short-term foreign debt are more likely to
提供机构:
美国国家经济研究局
创建时间:
2012-01-01
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