Role of Debt Maturity Structureon Firm Fixed Assets During Sudden Stop Episodes : Evidence From Thailand »
Series: IMF Working Papers
Author(s): Hanan Morsy , Maria Pia Iannariello , and Akiko Terada-Hagiwara
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2007
Keywords: Firm fixed asset, Short-term debt maturity structure, Asia financial crisis, fixed assets, debt maturity, short-term debt, debt obligations, current account, Open Economy Macroeconomics, Corporate Finance And Governance,
This paper studies the detrimental effect of sudden stops on the growth of Thai firms' fixed assets. We focus on the fixed assets adjustment that firms undertake at times of financial constraints. We derive our res...