The impact of the global financial crisis on firms' capital structure (English)

Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms' capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced economies and developing countries, even in countries that did not experience a crisis. The deleveraging and maturity reduction were particularly significant for...

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Author

Demirguc-Kunt,Asli;

Martinez Peria,Maria Soledad;

Tressel,Thierry;
Document Date
2015/12/21
Document Type
Policy Research Working Paper
Report Number
WPS7522
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2015/12/21
Disclosure Status
Disclosed
Doc Name
The impact of the global financial crisis on firms' capital structure
Keywords
small and medium enterprise

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Citation

Demirguc-Kunt,Asli; Martinez Peria,Maria Soledad; Tressel,Thierry.

The impact of the global financial crisis on firms' capital structure (English). Policy Research working paper|no. WPS 7522 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/965511468000625382

The impact of the global financial crisis on firms' capital structure (English)

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