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Language: en
Pages: 22
Pages: 22
Type: BOOK - Published: 2020-12-18 - Publisher: INTERNATIONAL MONETARY FUND
The global economy is in the midst of an unprecedented slump caused by the coronavirus pandemic. This systemic risk like no other at a time of record-breaking d
Language: en
Pages: 31
Pages: 31
Type: BOOK - Published: 2018 - Publisher:
This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm level for a cross section of large-sized em
Language: en
Pages: 42
Pages: 42
Type: BOOK - Published: 2018 - Publisher:
We quantify the role of financial factors that have contributed to sluggish investment in Europe in the aftermath of the 2008-2009 crisis. Using a big data appr
Language: en
Pages: 40
Pages: 40
Type: BOOK - Published: 2008 - Publisher:
This paper documents a negative relation between current leverage and future growth. This relation holds within and across industries, when leverage is assumed
Language: en
Pages: 35
Pages: 35
Type: BOOK - Published: 1995 - Publisher:
We show that there is a negative relation between leverage and future growth at the firm level and, for diversified firms, at the segment level. Further, this n