Snow and Leverage
收藏NBER2010-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16497
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资源简介：
Using a sample of highly (over-)leveraged Austrian ski hotels undergoing debt restructurings, we show that reducing a debt overhang leads to a significant improvement in operating performance (return on assets, net profit margin). In particular, a reduction in leverage leads to a decrease in
提供机构：
美国国家经济研究局
创建时间：
2010-10-01
