Contract Enforcement and Young Firm Capital Structure: A Global Perspective
收藏NBER2026-03-01 更新2026-03-28 收录
下载链接：
https://www.nber.org/papers/w34985
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资源简介：
We develop a framework to measure the severity of financial constraints for young firms across countries. Using ORBIS balance-sheet data for 23 economies, we show that short-term leverage rises while long-term leverage falls early in firms life cycles, with this pattern persisting longer where
提供机构：
美国国家经济研究局
创建时间：
2026-03-01
