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Balance sheet recessions have been a drag on activity after the Global Financial Crisis, underscoring the important role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging experiences across 36 advanced and emerging economies countries...
Persistent link: https://www.econbiz.de/10013025503
Balance sheet recessions have been a drag on activity after the Global Financial Crisis, underscoring the important role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging experiences across 36 advanced and emerging economies countries...
Persistent link: https://www.econbiz.de/10013027217
predicts future profitability, (3) neither book nor market leverage appears constrained, (4) banks maintain a market …
Persistent link: https://www.econbiz.de/10012627919
market equity values diverge, especially during crises; (2) Tobin's Q predicts future bank profitability; (3) neither book …
Persistent link: https://www.econbiz.de/10012649212
market equity values diverge, especially during crises; (2) Tobin’s Q predicts future bank profitability; (3) neither book …
Persistent link: https://www.econbiz.de/10013323873
We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...
Persistent link: https://www.econbiz.de/10013299034
We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...
Persistent link: https://www.econbiz.de/10013222440
profitability in Singapore and Hong Kong before, during and after the global financial crisis. This paper uses the two-step system … Generalized Method of Moments to examine the impact of macroeconomic and firm-specific factors on corporate profitability. The … model includes firm-specific factors (firm size, leverage, liquidity, sales growth and previous year's profitability) and …
Persistent link: https://www.econbiz.de/10013184192
This paper investigates the impact of macroprudential policies and uncertainty of economic environment on corporate leverage dynamics over the last decade. This is the first study to investigate the impact of macroprudential policies and uncertainty on leverage dynamics of Turkish non-financial...
Persistent link: https://www.econbiz.de/10012226051
The recent covid 19 has increased the challenges for worldwide businesses to manage working capital. Compared to the studies on the financial crisis of 2008, management of working capital and firm performance relation during the covid 19 is less studied, particularly in developing countries....
Persistent link: https://www.econbiz.de/10013415406