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the start of the financial crisis (third quarter of 2007) to its peak (first quarter of 2009), both large and investment … sharply (by 17.8% in the case of investment-grade firms) after the fall of Lehman. Though small and unrated firms have …
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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
the start of the financial crisis (third quarter of 2007) to its peak (first quarter of 2009), both large and investment … sharply (by 17.8% in the case of investment-grade firms) after the fall of Lehman. Though small and unrated firms have …
Persistent link: https://www.econbiz.de/10013069349
the start of the financial crisis (third quarter of 2007) to its peak (first quarter of 2009), both large and investment … sharply (by 17.8% in the case of investment-grade firms) after the fall of Lehman. Though small and unrated firms have …
Persistent link: https://www.econbiz.de/10012462347
the start of the financial crisis (third quarter of 2007) to its peak (first quarter of 2009), both large and investment … sharply (by 17.8% in the case of investment-grade firms) after the fall of Lehman. Though small and unrated firms have …
Persistent link: https://www.econbiz.de/10013094404
that such a shock cannot explain important features of the financial and investment policies of industrial firms. These … net worth in financing and investment policies, as firms with stronger balance sheets reduce capital expenditures less …
Persistent link: https://www.econbiz.de/10013130580
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