Firms have various ways to cope with external risks. This paper analyzes the risk coping behavior that entails the smoothing of inputs (labor, raw materials, or capital). The theoretical framework shows that, if they face adjustment costs, firms prefer to smooth their inputs, especially if they expect a demand shock to be temporary. However, credit constrained firms will be adversely affected by the presence of liquidity constraints, and this will...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/10/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6220
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1
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1
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2012/10/01
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Disclosed
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Weathering the storm : responses by Cambodian firms to the global financial crisis
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national institute of statistic