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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

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

Debt overhang and non-distressed debt restructuring

Frantz, Pascal; Instefjord, Norvald - In: Journal of financial intermediation 37 (2019), pp. 75-88

Persistent link: https://www.econbiz.de/10012269385

Does Performance-Sensitive Debt Mitigate Debt Overhang?

Bensoussan, Alain - 2020

We model the expansion decision of a levered firm. Straight debt distorts both timing and scaling: the firm invests less and later than its all-equity financed counterpart. The inclusion of performance sensitivity in the debt contract mitigates such distortions. Moreover, performance sensitivity...

Persistent link: https://www.econbiz.de/10012845336

How does long-term finance affect economic volatility?

Demirgüç-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - In: Journal of financial stability 33 (2017), pp. 41-59

Persistent link: https://www.econbiz.de/10011877701

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

Growth and Finance Constraints in Indian Manufacturing Firms

Gautam, Vikash - 2013

size and maturity. For a sample of 2282 Indian manufacturing firms in the period 1994 to 2009, we show that the growth … process of firms does not follow normal distribution; growth of firms is persistent and; size, maturity and finance …

Persistent link: https://www.econbiz.de/10013077050

Growth and finance constraints in Indian manufacturing firms

Gautam, Vikash; Vaidya, Rajendra R. - In: Applied financial economics 24 (2014) 1/3, pp. 31-40

Persistent link: https://www.econbiz.de/10010389518

The Asymmetry Between Growth Opportunities and Debt Maturity Structure

Alhudhaif, Eyad - 2021

relation between a firm's debt maturity structure choice and its growth opportunities. Firms with high pre-pandemic exposure to … growth-inducing factors obtained from 10-K filings have increased debt maturity and are more likely to exercise a call on … to adjust their debt maturity structure. Further, the increase in debt maturity following exogenous changes in growth …

Persistent link: https://www.econbiz.de/10013214384

Credit Booms, Debt Overhang and Secular Stagnation

Illing, Gerhard - 2017

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in which we incorporate financial imperfections to study...

Persistent link: https://www.econbiz.de/10012966912