This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm level for a cross section of large-sized emerging market and developing economies. It analyzes the extent to which investment may be discouraged by high levels of debt that put at risk future profits, as well as firm dimensions that may sharpen the debt-investment link. Using balance sheet data from a broad set of emerging market and...
Vea más
INFORMACIÓN
-
2018/08/15
-
WPS8553
-
1
-
1
-
2018/08/15
-
Disclosed
-
Corporate debt overhang and investment : firm-level evidence
-
board of governors of the federal reserve system
DESCARGAS
INFORME COMPLETO
Versión oficial del documento (puede incluir firmas, etc.)
-
Total Downloads** : 2562
*La versión texto es una versión realizada con reconocimiento óptico de caracteres, sin corregir. Esta versión se ofrece únicamente en beneficio de los usuarios que cuentan con una conexión lenta.