Kahle, Kathleen M.; Stulz, René M. - 2010 - This version: August 2010
exceptionally low net debt issuance at the peak of the crisis, their net debt issuance in the first year of the crisis is no … approximately twice the cumulative impact of the decrease in net debt issuance. The decrease in net equity issuance and the increase … in cash holdings are also economically important for firms with no debt"--National Bureau of Economic Research web site …