This paper conducts a simple stress test to gauge the ability of listed nonfinancial corporates to withstand shocks to earnings and receivables. It targets two basic accounting ratios that capture a firm’s ability to cover its short-term liabilities and interest expenses. The sample consists of almost 17,000 firms in 73 countries and represents US$22.1 trillion in total assets and US$6.05 trillion in total debt. The findings show that, prior to the...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2020/07/20
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Рабочий документ в рамках исследования вопросов политики
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WPS9324
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1
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1
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2020/07/20
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Disclosed
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COVID-19 and Corporate Balance Sheet Vulnerabilities : A Simple Stress-Test Approach
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state-owned oil company