The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit
European Financial Management, EarlyView.ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato +2 more
wiley +1 more source
A clinical trial loses access to some of its experimental treatment conditions: What can be done? [PDF]
J Subst Use Addict TreatMeyers-Ohki S +8 more
europepmc +1 more source
The Challenges of Backsourcing
Financial Accountability &Management, EarlyView.ABSTRACT Public sector outsourcing sometimes ends in unexpected termination, forcing authorities to engage in backsourcing. The aim of this study is to identify the challenges posed by unexpected terminations of sourcing contracts in the public sector and analyze how actual practices in these situations diverge from theoretical expectations in the ...
Johan Berlin +3 more
wiley +1 more source
The long-term and short-term effects of interest rate volatility on corporate bankruptcy risk: An industry and supply chain perspective. [PDF]
PLoS OneChen L, Zhang K, Yang X.
europepmc +1 more source
Assessment of formal proceedings and out-of-court reorganisation: results from a survey among turnaround professionals in Austria. [PDF]
Eur J Law Econ, 2023 Mayr S, Duller C, Baschinger M.
europepmc +1 more source
Financial Statement Readability and Firm Debt Choice
Financial Management, EarlyView.ABSTRACT Examining more than 16,000 firm‐year observations in the United States, we provide novel evidence showing that higher financial statement readability leads to a decrease in information asymmetry and the need for external monitoring, thereby reducing the reliance on bank debt relative to public debt.
Wajih Abbassi +3 more
wiley +1 more source
Predicting Bankruptcy in Wholesale, Retail, and Motor Vehicle Repair: An AI-ML Perspective. [PDF]
F1000ResThota N +4 more
europepmc +1 more source
A critical look at green energy policies
Economic Affairs, EarlyView.
Lawrence Haar
wiley +1 more source
Testing for Contagion in International Financial Markets: To See More, Go Higher
Financial Review, EarlyView.ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley +1 more source