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The rapid accumulation of private debt is widely viewed as a major risk to financial and economic stability. This paper … systematically and comprehensively assesses the effect of private debt buildup on economic growth. In the spirit of Mian, Sufi, and … Verner (2017) that separately examine the effects of two types of private debt, i.e., household debt and corporate debt, on …
Persistent link: https://www.econbiz.de/10012064731
Traditionally, firms in India have shown a low preference towards debt financing, despite its advantages. Using panel … of manufacturing firms in India and the key determinants of their debt structure. We examine the roles of age of the firm …, long term borrowing and net sales in affecting its debt structure. …
Persistent link: https://www.econbiz.de/10010331078
der Boden- und Kapitalanteile, zum Abstimmungsmodus, zur Höhe der Schulden, zu den Kosten der Sozialleistungen und der … is clearly higher (25.5 %). 15 farms out of 59 believe that they are able to settle the debt problem under their own …
Persistent link: https://www.econbiz.de/10010299456
This study is an empirical attempt to investigate the effects of balance sheet deterioration of Japanese firms and banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a unique item: the proportion of firms perceiving the lending...
Persistent link: https://www.econbiz.de/10010332436
the credit spread terms structure, particularly on the short maturity end. Possible explanations stem from strategic debt …
Persistent link: https://www.econbiz.de/10010312533
Persistent link: https://www.econbiz.de/10011696918
Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …
Persistent link: https://www.econbiz.de/10010298310
The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modelling does not take into … account debt as one of the crucial determinants of economic dynamics. Our contribution, in this paper, is to investigate the …
Persistent link: https://www.econbiz.de/10010305980
quantitatively the extent to which debt outstandings in the 90s affected the firm's R&D activities. We find that massive debt … to the firm-level total factor productivity growth in the 90s. In fact, ten-percentage-point increase of debt-asset ratio …
Persistent link: https://www.econbiz.de/10010332359
Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...
Persistent link: https://www.econbiz.de/10011605349