The Firm-Level Credit Multiplier
收藏NBER2012-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17805
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资源简介：
We study the effect of asset tangibility on corporate financing and investment decisions. Financially constrained firms benefit the most from investing in tangible assets because those assets help relax constraints, allowing for further investment. Using a dynamic model, we characterize this effect
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美国国家经济研究局创建时间：
2012-02-01
