Corporate debt and investment a firm level analysis for stressed euro area countries
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive thresholds beyond which leverage has a negative and signifi...
|Authors and Corporations:||, ,|
|Title:||Corporate debt and investment a firm level analysis for stressed euro area countries Stefan Gebauer, Ralph Setzer, Andreas Westphal|
|Type of Resource:||E-Book|
Frankfurt am Main, Germany: European Central Bank, 
Europäische Zentralbank: Working paper series ; no 2101 (September 2017)