Browsing Journal Articles by Subject "Debt issues"
Now showing items 1-1 of 1
-
Earnings-based borrowing constraints & corporate investments in 2007–2009 financial crisis
(Elsevier, 2022-06-09)Recent work on the debt composition of non-financial firms finds that most of the large firms’ debt is cash flow-based with earnings-based borrowing constraints (EBCs), limiting the maximum debt relative to firms’ EBITDA. ...