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The aggregate consequences of default risk : evidence from firmlevel data
Besley, Timothy; Van Reenen, John; Roland, Isabelle - 2020
Persistent link: https://www.econbiz.de/10012200756
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The aggregate consequences of default risk : evidence from firm-level data
Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020
This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of …-level probabilities of default which can be applied using data on firm-level employment and default risk. We obtain direct estimates of … firms per year. As expected, we find a strong correlation between default risk and a firm's future performance. We estimate …
Persistent link: https://www.econbiz.de/10012241111
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Risky arbitrage strategies : optimal portfolio choice and economic implications
Liu, Jun; Van Reenen, John; Timmermann, Allan - 2009
Persistent link: https://www.econbiz.de/10003830654
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Uncertainty and investment dynamics
Bloom, Nicholas; Bond, Stephen; Van Reenen, John - In: The review of economic studies 74 (2007) 2, pp. 391-415
Persistent link: https://www.econbiz.de/10003431628
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Uncertainty and investment dynamics
Bloom, Nicholas; Bond, Stephen; Van Reenen, John - 2006
Persistent link: https://www.econbiz.de/10003354900
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Uncertainty and investment dynamics
Bloom, Nicholas (contributor); Bond, Stephen (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003356611
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The aggregate consequences of default risk : evidence from firm-level data
Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2019
Persistent link: https://www.econbiz.de/10012793064
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Uncertainty and Investment Dynamics
Bloom, Nick - 2006
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed both numerically for a model with a rich mix...
Persistent link: https://www.econbiz.de/10012466282
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The aggregate consequences of default risk : evidence from firm-level data
Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020
Persistent link: https://www.econbiz.de/10012196328
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Uncertainty and Investment Dynamics
Bloom, Nicholas - 2014
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed both numerically for a model with a rich mix...
Persistent link: https://www.econbiz.de/10012752137