Corporate Balance Sheet Restructuring and Investment in the Euro Area /
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 invest...
| Auteur principal: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2003/117 |
| Accès en ligne: | Full text available on IMF |