| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22612 |
| 来源ID | Working Paper 22612 |
| Firms\u2019 Management of Infrequent Shocks | |
| Benjamin L. Collier; Andrew F. Haughwout; Howard C. Kunreuther; Erwann O. Michel-Kerjan; Michael A. Stewart | |
| 发表日期 | 2016-09-12 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We examine businesses’ financial management of a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area. Credit played a prominent role in financing recovery; more negatively affected firms took on debt because of Sandy (38%) than received insurance payments (15%) in our data. Negatively affected firms were often credit constrained after the shock. While firms’ demand for insurance is often explained by financing frictions, we find that the most credit constrained firms after the event, younger firms and smaller firms, were the least likely to insure before it. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Corporate Finance ; Industrial Organization ; Firm Behavior ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w22612 |
| 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/580285 |
| 推荐引用方式 GB/T 7714 | Benjamin L. Collier,Andrew F. Haughwout,Howard C. Kunreuther,et al. Firms\u2019 Management of Infrequent Shocks. 2016. |
| 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 | ||
| w22612.pdf（901KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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