Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis

Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis
Using financial statement data from the Thomson Reuter’s Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate profitability during the recovery period of the... READ MORE...

Publication date: November 2018
ISBN 9781484380659
$18.00

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