02024nam 22004093a 450 991064599050332120230823003901.092-861-4850-Xhttps://doi.org/10.2867/417469(CKB)4950000000289928(ScCtBLL)3be62264-da78-43c5-8d88-b44ec4fd6c81(EXLCZ)99495000000028992820211214i20202021 uu enguru||||||||||txtrdacontentcrdamediacrrdacarrierEIB Working Paper 2020/09 - Investment vs debt trade-offs in the post-COVID-19 European economyRozália Pál, Laurent Maurin, European Investment Bank[s.l.] :European Investment Bank,2020.1 online resource (28 p.)EIB Working PapersThis paper estimates the revenues lost by European firms during the COVID-19 crisis, taking into account different scenarios regarding policy support and the length of the crisis. It examines the likely effect of such revenue losses on firms' internal financing capacity and on investment, suggesting that the COVID-19 crisis may trigger an fall in corporate investment greater that that experienced during the Great Financial Crisis, with firms facing a trade-off between reduced investment and greater indebtedness. A macro-model based on historical data also suggests that the decline in corporate investment would likely be within the computed ranges, should the estimated gap in firm revenues materialise as the result of the crisis.EIB Working PapersBusiness & Economics / FinancebisacshEconomicsBusiness & Economics / FinanceEconomicsPál Rozália1071009Maurin LaurentEuropean Investment BankScCtBLLScCtBLLBOOK9910645990503321EIB Working Paper 20203007965UNINA