Firms' Investment and the Real Transmission of the Global Financial Cycle
The study shows that rising risk premia trigger large investment contractions, especially among risky firms, through a channel linking global price of risk to financing costs via firm debt sensitivity.
Featured in No. 137 on 30 Oct 2026 · 4 days after release
- Released
- 26 Oct 2026
- First featured
- No. 137 · 30 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:nbr:nberwo:35918
- Authors
- Caitlin Hegarty et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).