Narrow search
Showing 1 - 10 of 5,095
Cover Image
How does long-term finance affect economic volatility?
Demirgüç-Kunt, Asli; Horváth, Bálint; Huizinga, Harry - In: Journal of financial stability 33 (2017), pp. 41-59
Persistent link: https://www.econbiz.de/10011877701
Cover Image
How Does Long-Term Finance Affect Economic Volatility?
Demirgüç-Kunt, Asli - 2016
In an approach analogous to Rajan and Zingales (1998), we examine how the ability to access long-term debt affects firm-level growth volatility. We find that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in...
Persistent link: https://www.econbiz.de/10013000820
Cover Image
How Does Long-Term Finance Affect Economic Volatility?
Demirgüç-Kunt, Asli - 2017
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...
Persistent link: https://www.econbiz.de/10012970254
Cover Image
How Does Long-Term Finance Affect Economic Volatility?
Demirguc-Kunt, Asli - 2016
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...
Persistent link: https://www.econbiz.de/10012246521
Cover Image
Household debt, corporate debt, and the real economy : some empirical evidence
Park, Donghyun; Shin, Kwanho; Tian, Shu - In: Emerging markets, finance & trade : a journal of the … 58 (2022) 5, pp. 1474-1490
Persistent link: https://www.econbiz.de/10013167093
Cover Image
Household debt, corporate debt, and the real economy : some empirical evidence
Park, Donghyun; Shin, Kwanho; Tian, Shu - 2018
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...
Persistent link: https://www.econbiz.de/10011946955
Cover Image
Privatization, Financial Development, Property Rights and Growth
Marcelin, Isaac - 2018
This study analyzes how prevailing institutional arrangements i.e., property rights, contracting rights, political institutions, and corporate governance practices affect privatized firms' performance, capital markets development, and economic growth. Most of the studies surveyed show that...
Persistent link: https://www.econbiz.de/10012931240
Cover Image
Debt choice, growth opportunities and corporate investment : evidence from China
Ding, Ning; Bhat, Kalimullah; Jebran, Khalil - In: Financial innovation : FIN 6 (2020) 31, pp. 1-22
The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment decisions and reduce overinvestment problem for low-growth firms. The study uses a large set of panel data of non-financial Chinese listed firms over the period 2007–2017...
Persistent link: https://www.econbiz.de/10012295993
Cover Image
Loan maturity structure and the actualization of production
Chaya, Jamil - In: Applied economics quarterly 67 (2021) 1, pp. 27-45
Persistent link: https://www.econbiz.de/10013165460
Cover Image
Debt Maturity and Growth Options
Ibañez, Alfredo - 2020
When firms roll over bonds of different maturity, their debt-maturity structure can feature both shorter and longer … maturity in bad times. We link these debt-maturity patterns to the firms' fundamentals, assuming earnings are deterministically … via longer maturity. By contrast, the fraction of newly issued short-term debt is (weakly) procyclical in all paths. That …
Persistent link: https://www.econbiz.de/10012853270