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face costly external finance increase hedging after staggered state-level financial reform that reduces the costs of … impacted. Firms that previously are more likely to face costly external finance, lower price, increase policy sales and …
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This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis provides new insights on the interactions between internal liquidity, external funds, and real corporate decisions, such as investment and employment. We first describe how companies...
Persistent link: https://www.econbiz.de/10012462348