Zombies at Large? Corporate Debt Overhang and the Macroeconomydoi:10.2139/ssrn.3742973corporate debtbusiness cycleslocal projectionsWith business leverage at record levels, the effects of corporate debt overhang on growth and investment have become a prominent concern. In this paper, we studJordà, ...
E22 - Investment; Capital; Intangible Capital; Capacity E32 - Business Fluctuations; Cycles E44 - Financial Markets and the Macroeconomy F34 - International Lending and Debt Problems F36 - Financial Aspects of Economic Integration G32 - Financing Policy; Financial Risk and Risk Management; Capital ...
The uncertainty of international oil price has significant impacts on the macroeconomy and on firm-level business activities. It may affect the corporate economic activity through several channels and transmission mechanisms. This paper investigated the relationship between oil price uncertainty and corporate...