Real Effects of Working Capital Shocks : Theory and Evidence from Micro Data

Real Effects of Working Capital Shocks : Theory and Evidence from Micro Data

Our study investigates the real consequences of variations in the first and second moments of working capital requirement (WCR) in the presence of financial frictions. We introduce a theoretical link from imperfect information about WCR to firms’ performance. Firms choose non-prepaid factors of prod...

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Bibliographic Details
Main Authors: Mahmoudzadeh, Amineh, Nili, Masoud, Nili, Farhad
Format: Journal Article
Published: Elsevier 2018
Subjects:
WORKING CAPITAL
FINANCIAL FRICTION
CAPACITY UTILIZATION
MISALLOCATION
TFP
FINANCIAL RISK
SHOCKS
UNCERTAINTY
Online Access:http://hdl.handle.net/10986/29171

Internet

http://hdl.handle.net/10986/29171

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