Financial frictions in the US: asymmetric effects per industry

Nicholas Apergis; Tasawar Hayat; Tareq Saeed

doi:10.1080/13504851.2021.1896665

Financial frictions in the US: asymmetric effects per industry

Nicholas Apergis
, Tasawar Hayat
, Tareq Saeed

University of Piraeus
King Abdulaziz University
Quaid-I-Azam University

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

The article explores the link between lending rates and real output asymmetries and bankruptcy costs across US industries. The results document that bankruptcy costs impact such asymmetries, indicating stronger financial frictions in those industries, which are expected to delay the recovery of firms in stressful events.

Original language	English
Pages (from-to)	767-771
Number of pages	5
Journal	Applied Economics Letters
Volume	29
Issue number	8
DOIs	https://doi.org/10.1080/13504851.2021.1896665
State	Published - 2022
Externally published	Yes

Keywords

Lending rates asymmetries
Skewness
US industrial sectors
bankruptcy costs

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10.1080/13504851.2021.1896665

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title = "Financial frictions in the US: asymmetric effects per industry",

abstract = "The article explores the link between lending rates and real output asymmetries and bankruptcy costs across US industries. The results document that bankruptcy costs impact such asymmetries, indicating stronger financial frictions in those industries, which are expected to delay the recovery of firms in stressful events.",

keywords = "Lending rates asymmetries, Skewness, US industrial sectors, bankruptcy costs",

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KW - Skewness

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KW - bankruptcy costs

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Financial frictions in the US: asymmetric effects per industry

Abstract

Keywords

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