Credit risk spillovers and cash holdings
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DOI: 10.1016/j.jcorpfin.2021.101965
Abstract: Abstract This paper examines how credit risk spillovers affect corporate financial flexibility. We construct separate empirical proxies to disentangle the two channels of credit risk spillovers—credit risk contagion (CRC), where one firm's default increases the… read more here.
Keywords: risk spillovers; spillovers cash; credit risk; credit ... See more keywords