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024 8 $ahttps://doi.org/10.2867/417469
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100   $a20211214i20202021  uu 
101 0 $aeng
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200 00$aEIB Working Paper 2020/09 - Investment vs debt trade-offs in the post-COVID-19 European economy$fRoza?lia Pa?l, Laurent Maurin, European Investment Bank
210  1$a[s.l.] :$cEuropean Investment Bank,$d2020.
215   $a1 online resource (28 p.)
225 1 $aEIB Working Papers
330   $aThis 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.
410   $aEIB Working Papers
606   $aBusiness & Economics / Finance$2bisacsh
606   $aEconomics
615  7$aBusiness & Economics / Finance
615  0$aEconomics
700   $aPa?l$b Roza?lia$01071009
702   $aMaurin$b Laurent
712 02$aEuropean Investment Bank
801  0$bScCtBLL
801  1$bScCtBLL
906   $aBOOK
912   $a9910645990503321
996   $aEIB Working Paper 2020$93007965
997   $aUNINA