LAUSR

Firm leverage and employment dynamics

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0 Published in 2021 at "Journal of Financial Economics"

DOI: 10.1016/j.jfineco.2021.05.006

Abstract: Abstract We examine the dynamic relation between firm leverage buildups and real economic activity using U.S. establishment-, firm-, and region-level data. We find that buildups in firm leverage are predictably associated with boom-bust growth cycles:… read more here.

Keywords: growth; leverage; level; firm leverage ... See more keywords