Chargement en cours...

How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis

Firms with greater financial flexibility should be better able to fund a revenue shortfall resulting from the COVID-19 shock and benefit less from policy responses. We find that firms with high financial flexibility within an industry experience a stock price drop that is 26%, or 9.7 percentage poin...

Description complète

Enregistré dans:
Détails bibliographiques
Publié dans:Rev Financ Stud
Auteurs principaux: Fahlenbrach, Rüdiger, Rageth, Kevin, Stulz, René M
Format: Artigo
Langue:Inglês
Publié: Oxford University Press 2020
Sujets:
Accès en ligne:https://ncbi.nlm.nih.gov/pmc/articles/PMC7798547/
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1093/rfs/hhaa134
Tags: Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!