کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063408 1372226 2010 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Firms in the great global recession: The role of foreign ownership and financial dependence
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Firms in the great global recession: The role of foreign ownership and financial dependence
چکیده انگلیسی

This paper investigates the channels through which the global crisis of 2008-2009 spread to economic activity of an emerging, fast growing economy with sound macroeconomic fundamentals. On the basis of Polish firm-level data we find that a number of individual firm characteristics account for a heterogeneous response. In particular, foreign ownership appears to have provided a higher degree of resilience to the crisis. Our results indicate that this effect might be due to intra-group lending mechanisms supporting affiliates facing external credit constraints.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 11, Issue 4, December 2010, Pages 341-357
نویسندگان
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