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|c 5.00 USD
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|z 9781451854039
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Jaeger, Albert.
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|a Corporate Balance Sheet Restructuring and Investment in the Euro Area /
|c Albert Jaeger.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2003.
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|a 1 online resource (24 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial corporations saddled with a legacy of high debt or leverage. Models of corporate investment behavior based on imperfect capital markets predict that highly leveraged balance sheets can act as a brake on investment spending. The paper's empirical analysis suggests that leverage effects on corporate investment can be substantial and persistent, particularly if leverage exceeds threshold values.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2003/117
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2003/117/001.2003.issue-117-en.xml
|z IMF e-Library
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