Corporate Resiliency and the Choice Between Financial and Operational Hedging
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https://www.nber.org/papers/w33340
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资源简介：
We investigate how firms manage financial default risk (on debt) and operational default risk (on delivery obligations). Financially constrained firms reduce operational hedging through inventory and supply chain in favor of cash holdings. Our model predicts that firms markup increases with
提供机构：
美国国家经济研究局
创建时间：
2025-01-01
