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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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2021.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2021/265 |
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| 在线阅读: | Full text available on IMF |