The Resource Corporate balance sheet adjustment : stylized facts, causes and consequences, (electronic resource)

Corporate balance sheet adjustment : stylized facts, causes and consequences, (electronic resource)

Label
Corporate balance sheet adjustment : stylized facts, causes and consequences
Title
Corporate balance sheet adjustment
Title remainder
stylized facts, causes and consequences
Creator
Contributor
Language
eng
Summary
We analyse corporate balance sheet adjustment episodes in Germany and Japan, as well as a sample of 30 countries, using national account data. Corporate balance sheet adjustment tends to be long lasting and associated with a strong impact on current accounts, wages and investment. Adjustment episodes lead to significant changes in corporate balance sheet ratios with a buildup of liquidity and a reduction of leverage. The adjustment is generally achieved by reducing investment and increasing savings on the back of a falling wage share. A panel econometric exercise shows that balance sheet adjustment periods are triggered by macroeconomic downturns as well as balance sheet stress due to high debt, low liquidity and negative equity price shocks
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Wolff, Guntram
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Ruscher, Eric
  • Bruegel
Series statement
Bruegel working papers
Series volume
2012/03
Label
Corporate balance sheet adjustment : stylized facts, causes and consequences, (electronic resource)
Link
http://bruegel.org/publications/
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb1692115x
Extent
23 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088499314
Label
Corporate balance sheet adjustment : stylized facts, causes and consequences, (electronic resource)
Link
http://bruegel.org/publications/
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb1692115x
Extent
23 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088499314

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