Leverage Dynamics over the Business Cycle

By Michael Halling, Jin Yu, Josef Zechner. 2016

154 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/f3b23d8fd9cd7ed1c6e6ff002116d8f7178a6f9e

How researchers see this paper

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In Accounting

1. Joseph E. Stiglitz
2. Mauro Gallegati
3. Antoine G. Godin
4. Alessandro Caiani
5. Stephen Kinsella
6. Eugenio Caverzasi
7. Stéphane Hallegatte

In Finance

1. Mauro Gallegati
2. Joseph E. Stiglitz
3. Antoine G. Godin
4. Alessandro Caiani
5. Stephen Kinsella
6. Eugenio Caverzasi
7. James B. Ang
8. Ajit Singh

Citations in the corpus

• Agent based-stock flow consistent macroeconomics: Towards a benchmark model (2016, background): “Halling et al. (2012), for example, finds that leverage by non-financial corporations is countercyclical in “civil law’ countries and countries with low debt-holder protection, whereas it is significantly pro-cyclical in “common law” countries and countries with relatively high debt-holder…”