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Cover Art
E-RESOURCE
Author Jaeger, Albert.

Title Corporate Balance Sheet Restructuring and Investment in the Euro Area [electronic resource] / Albert Jaeger.

Published Washington, D.C. : International Monetary Fund, 2003.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 1 online resource (24 p.)
Series IMF Working Papers; Working Paper ; No. 03/117
IMF Working Papers; Working Paper ; No. 03/117
Summary 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.
Notes Description based on print version record.
Other author Jaeger, Albert.
Subject Business Cycle
Business Fluctuations
Capital Markets
Capital Stock
Corporate Investment and Financing
Cost of Capital
ISBN 145185403X : 15.00 USD
9781451854039
ISSN 1018-5941
Standard Number 10.5089/9781451854039.001