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How does long-term finance affect economic volatility ? (英语)

摘要

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... 更多显示

详细

  • Demirguc-Kunt, Asli; Horvath, Balint Laszlo; Huizinga, Harry P.;
  • 2016/01/19 08:58:01
  • 政策研究工作报告
  • WPS7535
  • 1
  • 1
  • 世界
  • 世界各地区
  • 2016/01/19 08:45:33
  • Disclosed
  • How does long-term finance affect economic volatility ?
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