of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of … the firm during the global financial crisis. We investigate whether the firms that experienced a large leverage increase … rise. The findings suggest that the poorer sales growth performance of the firm was related to the firm leverage increase …

firms rely heavily on foreign currency denominated and short-term debt instruments making them vulnerable to both exchange … private sector tend to be crowded out by the mode of domestic debt finance. The corporate sector vulnerabilities to maturity …

and GMM procedures suggest that both sector-specific (tangibility, leverage ratio, export share) and macroeconomic … corporate sector liability dollarisation. Firms are found to match only partially the currency composition of their debt with …

can be explained by firm-specific characteristics including profitability, leverage ratios, asset tangibility and size … potentially due to the fact that government domestic debt is heavily financed via banks, which in turn deteriorates the credit …