Firm's refinancing intensity, the cost of capital, and real investment
A global study of 357,630 firm-years shows firms with more short-term debt cut capital expenditure by 2.156 percentage points, mainly due to refinancing availability constraints.
Featured in No. 134 on 9 Oct 2026 · on release day
- Released
- 9 Oct 2026
- First featured
- No. 134 · 9 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7589333
- Authors
- Mirza Muhammad Naseer et al.
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