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100   $a20111102d2012      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aSpring forward or fall back?$b[electronic resource] $ethe post-crisis recovery of firms /$fprepared by Leandro Medina
210   $aWashington, D.C. $cInternational Monetary Fund$dc2012
215   $a1 online resource (32 p.)
225 0 $aIMF working paper ;$v12/292
300   $aDescription based upon print version of record.
311   $a1-61635-498-4 
311   $a1-4755-2473-0 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; II. Empirical Strategy; A. Explanatory Variables; III. Data Description; IV. Descriptive Statistics; V. Empirical Findings; A. Nonlinear Effects of Leverage; B. Robustness Tests: Trade Sensitivity and Real Depreciation Effects; VI. Conclusion; References; Tables; 1. Country and Region Coverage; 2. Sample Coverage; 3. Summary Statistics; 4. Baseline Regression: All Countries; 5. Baseline Regression: Emerging Economies; 6. Baseline Regression: Advanced Economies; 7. Nonlinear Effects of Leverage; 8. Depreciation and Trade Effects; Figures
327   $a1. Density Distribution of Corporate Performance: 2007, 2009, and 20102. Density Distribution of Corporate Performance by Levels of Leverage: 2010; 3. Corporate Performance: 2007-2010; Appendix: Data Sources and Definitions of Variables
330   $aThis paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that pre-crisis leverage and short-term debt have had negative effects on the speed of the recovery, while asset tangibility has had positive effects. The negative effect of leverage is non-linear, being particularly strong in firms with high pre-crisis leverage. Furthermore, the effects are different for advanced an
410  0$aIMF Working Papers
606   $aGlobal Financial Crisis, 2008-2009
606   $aFinancial crises
608   $aElectronic books.
615  0$aGlobal Financial Crisis, 2008-2009.
615  0$aFinancial crises.
700   $aMedina$b Leandro$f1978-$0882224
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910452733603321
996   $aSpring forward or fall back$92137521
997   $aUNINA