The COVID-19 Impact on Corporate Leverage and Financial Fragility /

The COVID-19 Impact on Corporate Leverage and Financial Fragility /

We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is stronge...

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Dades bibliogràfiques
Autor principal:	Haque, Sharjil
Altres autors:	Varghese, Richard
Format:	Revista
Idioma:	English
Publicat:	Washington, D.C. : International Monetary Fund, 2021.
Col·lecció:	IMF Working Papers; Working Paper ; No. 2021/265
Matèries:	Capital and Ownership Structure Corporate Finance and Governance Financial Economics Financial Risk and Risk Management Financing Policy General Financial Markets
Accés en línia:	Full text available on IMF

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