Documents & Reports

How does long-term finance affect economic volatility ? (English)

Abstract

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility...  See More +

Details

  • Demirguc-Kunt, Asli; Horvath, Balint Laszlo; Huizinga, Harry P.;
  • 2016/01/19 08:58:01
  • Policy Research Working Paper;
  • WPS7535
  • 1
  • 1
  • World
  • The World Region
  • 2016/01/19 08:45:33
  • Disclosed
  • How does long-term finance affect economic volatility ?
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