Brown, James R.; Martinsson, Gustav; Thomann, Christian J. - 2021
implications for firm balance sheets and post-crisis survival? We provide some novel insights on these questions by studying one of … the first government programs of this type, which Sweden launched at the height of the 2008-2009 financial crisis. The … cash reserves, are more leveraged, and have less unused slack in their credit lines when the crisis hits. Given the …