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Persistent link: https://www.econbiz.de/10008906646
"Although firm financial policies were affected by a credit contraction during the recent financial crisis, the impact of increased uncertainty and decreased growth opportunities was stronger than that of the credit contraction per se. From the start of the financial crisis (third quarter of...
Persistent link: https://www.econbiz.de/10003995104
Persistent link: https://www.econbiz.de/10008656688
During the financial crisis, corporate borrowing and capital expenditures fall sharply. Most existing research links the two phenomena by arguing that a shock to bank lending (or more generally to the corporate credit supply) caused a reduction in capital expenditures. The economic significance...
Persistent link: https://www.econbiz.de/10009507046
Persistent link: https://www.econbiz.de/10001239856
Although firm financial policies were affected by a credit contraction during the recent financial crisis, the impact of increased uncertainty and decreased growth opportunities was stronger than that of the credit contraction per se. From the start of the financial crisis (third quarter of...
Persistent link: https://www.econbiz.de/10013069349
We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … borrowing declines only for younger non-dividend payers, as their external finance is mostly exposed to asset value fluctuations …. Conversely, cash flows change less markedly and more homogeneously across groups. Our findings highlight the role of firm finance …
Persistent link: https://www.econbiz.de/10012906446
We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … borrowing declines only for younger non-dividend payers, as their external finance is mostly exposed to asset value fluctuations …. Conversely, cash-flows change less markedly and more homogeneously across groups. Our findings highlight the role of firm finance …
Persistent link: https://www.econbiz.de/10012889726
Persistent link: https://www.econbiz.de/10010208681
We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … borrowing declines only for younger non-dividend payers, as their external finance is mostly exposed to asset value fluctuations …. Conversely, cash flows change less markedly and more homogeneously across groups. Our findings highlight the role of firm finance …
Persistent link: https://www.econbiz.de/10012481014