Agustinus, Prasetyantoko (2007): Corporate Responses to Currency Depreciations: Evidence from Indonesia.
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This paper examines the impact of macro fluctuation on firm’s balance sheet to understand firm’s net worth as well as the corporate distress probability. We argue that debt policies could be pro-cyclical, since it enhances corporate distress risk when currency depreciation comes.
|Item Type:||MPRA Paper|
|Original Title:||Corporate Responses to Currency Depreciations: Evidence from Indonesia|
|Keywords:||currency depreciation, firm performance, debt ratio|
|Subjects:||D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory
F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems
G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
|Depositing User:||Agustinus Prasetyantoko|
|Date Deposited:||31. Dec 2007 06:58|
|Last Modified:||18. Feb 2013 04:04|
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