Financial constraints in time of crisis. Battiston, P. paper-progress, 2016.
abstract   bibtex   
This paper analyzes the relation between financial exposure of European firms and their performance after the financial crisis of 2008. By both employing non-parametric approaches and enriching existing empirical models describing the growth of firms, it is shown that indeed more indebted firms have featured lower growth, hence substancing the phenomenon of credit crunch and its importance as a contagion channel between the finance and the real economy.
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 title = {Financial constraints in time of crisis},
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 year = {2016},
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 abstract = {This paper analyzes the relation between financial exposure of European firms and their performance after the financial crisis of 2008. By both employing non-parametric approaches and enriching existing empirical models describing the growth of firms, it is shown that indeed more indebted firms have featured lower growth, hence substancing the phenomenon of credit crunch and its importance as a contagion channel between the finance and the real economy.},
 bibtype = {article},
 author = {Battiston, Pietro},
 journal = {paper-progress}
}

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