Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis /

Using financial statement data from the Thomson Reuter's Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Correa-Caro, Carolina
Muut tekijät: Medina, Leandro, Poplawski Ribeiro, Marcos, Sutton, Bennett
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2018.
Sarja:IMF Working Papers; Working Paper ; No. 2018/251
Linkit:Full text available on IMF
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245 1 0 |a Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis /  |c Carolina Correa-Caro, Leandro Medina, Marcos Poplawski Ribeiro, Bennett Sutton. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Using financial statement data from the Thomson Reuter's Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the GFC fiscal stimulus, especially in manufacturing, utilities and retail sectors. Firm size and leverage are also found to be significant in explaining changes in corporate profitability. 
538 |a Mode of access: Internet 
700 1 |a Medina, Leandro. 
700 1 |a Poplawski Ribeiro, Marcos. 
700 1 |a Sutton, Bennett. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/251 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/251/001.2018.issue-251-en.xml  |z IMF e-Library