Asymmetric effects of the financial crisis : collateral-based investment-cash flow sensitivity analysis /

This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment-cash flow sensitivity, the value of a firm's assets that can be used as collateral should be taken into account. Using panel data on U.S. firms from 1990 to 2011, it was found that...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Khramov, Vadim (Auteur)
Format: Électronique eBook
Langue:Inglés
Publié: [Washington, D.C.] : International Monetary Fund, ©2012.
Collection:IMF working paper ; WP/12/97.
Sujets:
2008-2009
Investments > Econometric models.
Cash flow > Econometric models.
Global Financial Crisis, 2008-2009.
Investissements > Modèles économétriques.
Crise financière mondiale, 2008-2009.
Cash flow > Econometric models
Investments > Econometric models
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