Essays about: "Chiara Billi"

Found 1 essay containing the words Chiara Billi.

  1. 1. Credit tightening and financial debt sustainability: a panel approach to Italian firm-level data

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Chiara Billi; [2016]
    Keywords : panel data; corporate distress; bank lending; credit rationing;

    Abstract : The aim of this paper is to examine how the macroeconomic shock caused by the sovereign debt crisis of 2012, through its impact on credit markets, was transmitted to the debt sustainability of Italian manufacturing firms. Using original panel data on 12,103 firms and adopting a fixed effects strategy I test the existence and the impact of the bank lending and balance sheet transmission channels on corporate debt sustainability. READ MORE