How Does Long-Term Finance Affect Economic Volatility? /
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed financ...
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
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Washington, D.C. :
The World Bank,
2016
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| Series: | Policy research working papers
World Bank e-Library |
| Subjects: |