| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w1523
|
| 来源ID | Working Paper 1523
|
| Have U.S. Corporations Grown Financially Weak? |
| Robert A. Taggart, Jr.
|
| 发表日期 | 1984-12-01
|
| 出版年 | 1984
|
| 语种 | 英语
|
| 摘要 | The feelingis widespread that the financial strength of U.S. corporations has eroded over the past twenty years. This trend is often blamed on some combination of the tax system, inflation and overly optimistic assessments of business risk.This paper examines recent corporate financing developments from along-run perspective. It is concluded that these developments appear less dangerous when viewed in the context of the twentieth century as a whole than when viewed in the context of the post-World War II years. A second major conclusion is that powerful corrective mechanisms are at work to keep corporate financial positions from becoming too risky. These forces have been particularly noticeable over the past ten years. Third, the effects on business financing of the tax system, inflation and business risk are difficult to trace in the aggregate data, and these effects may be less straightforward than has commonly been thought. Finally, it is argued that the degree of economic instability and the relative level of federal government borrowing will be key determinants of future corporate financing patterns. |
| 主题 | Financial Economics
|
| URL | https://www.nber.org/papers/w1523
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558760
|
推荐引用方式
GB/T 7714 |
Robert A. Taggart, Jr.. Have U.S. Corporations Grown Financially Weak?. 1984.
|
|
文件名：
|
w1523.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
