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...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29171 |