| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17360 |
| 来源ID | Working Paper 17360 |
| From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels | |
| Stijn Claessens; Hui Tong; Shang-Jin Wei | |
| 发表日期 | 2011-08-25 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Using accounting data for 7722 non-financial firms in 42 countries, we examine how the 2007-2009 crisis affected firm performance and how various linkages propagated shocks across borders. We isolate and compare effects from changes in external financing conditions, domestic demand, and international trade on firms' profits, sales and investment using both sectoral benchmarks and firm-specific sensitivities estimated prior to the crisis. We find that the crisis had a bigger negative impact on firms with greater sensitivity to demand and trade, particularly in countries more open to trade. Interestingly, financial openness appears to have made limited difference. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w17360 |
| 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/575034 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,Hui Tong,Shang-Jin Wei. From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17360.pdf（779KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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