Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/154604 
Autor:innengruppe: 
Task Force of the Monetary Policy Committee of the ESCB
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
ECB Occasional Paper No. 151
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
This report analyses and reviews the corporate finance structure of non-financial corporations (NFCs) in the euro area, including how they interact with the macroeconomic environment. Special emphasis is placed on the crisis that began in 2007-08, thus underlining the relevance of financing and credit conditions to investment and economic activity in turbulent times. When approaching such a broad topic, a number of key questions arise. How did the corporate sector’s capital structure, internal and external financing sources, and its tendency to leverage, evolve in the euro area over the last decade and in the run-up to the financial crisis in particular? Did these developments contribute to and/or exacerbate the financial crisis? Did the corporate sector’s response to various shocks and vulnerabilities support or encumber the euro area economy, both during the financial crisis and in its aftermath?
Schlagwörter: 
corporate finance
JEL: 
E0
E5
Dokumentart: 
Research Report

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