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The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID
Data on firm-loan-level daily credit line drawdowns in the United States expose a corporate “dash for cash” induced by the COVID-19 pandemic. In the first phase of the crisis, which was characterized by extreme precaution and heightened aggregate risk, all firms drew down bank credit lines and raise...
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| Publicado no: | The Review of Corporate Finance Studies |
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| Main Authors: | , |
| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Oxford University Press
2020
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| Assuntos: | |
| Acesso em linha: | https://ncbi.nlm.nih.gov/pmc/articles/PMC7454892/ https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1093/rcfs/cfaa013 |
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