| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17756 |
| 来源ID | Working Paper 17756 |
| The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis | |
| Yun Jung Kim; Linda Tesar; Jing Zhang | |
| 发表日期 | 2012-01-24 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Using Korean firm-level data on publicly-listed and privately-held firms together with firm exit data, we find strong evidence of the balance-sheet effect for small firms at both the intensive and extensive margins. During the crisis, small firms with more short-term foreign debt are more likely to go bankrupt, and experience larger sales declines conditional on survival. The extensive margin accounts for a large fraction of small firms' adjustment during the crisis. Consistent with many studies in the literature, large firms with larger exposure to foreign debt paradoxically have better performance during the crisis at both the intensive and extensive margin. |
| 主题 | Macroeconomics ; Money and Interest Rates ; International Economics ; International Finance |
| URL | https://www.nber.org/papers/w17756 |
| 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/575451 |
| 推荐引用方式 GB/T 7714 | Yun Jung Kim,Linda Tesar,Jing Zhang. The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis. 2012. |
| 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 | ||
| w17756.pdf（966KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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