Campello, Murillo; Graham, John R.; Harvey, Campbell R. - In: Journal of Financial Economics 97 (2010) 3, pp. 470-487
We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the global financial crisis of 2008. We study whether corporate spending plans differ conditional on this survey-based measure of financial...