| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28104 |
| 来源ID | Working Paper 28104 |
| Sizing up Corporate Restructuring in the COVID Crisis | |
| Robin Greenwood; Benjamin Iverson; David Thesmar | |
| 发表日期 | 2020-11-16 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with a surge of financial distress in the business sector. Some firms will be able to survive, while others will face bankruptcy and thus need to be liquidated or reorganized. Many surviving firms will need to be downsized or acquired. In normal times, this triage is supported by the court system, banks, and financial markets. The goal of this paper is to size up the coming surge of financial distress, list the challenges it presents in the current environment, and analyze potential policy solutions. Overall, our analysis suggests that the two key issues will be court congestion and excess liquidation and failure of small firms. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Corporate Finance ; COVID-19 |
| URL | https://www.nber.org/papers/w28104 |
| 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/585778 |
| 推荐引用方式 GB/T 7714 | Robin Greenwood,Benjamin Iverson,David Thesmar. Sizing up Corporate Restructuring in the COVID Crisis. 2020. |
| 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 | ||
| w28104.pdf（1425KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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