.png){kind=icon}
.png){kind=icon}
Return
Global financial cycles and firm leverage in emerging economies: Firm and sector level heterogeneity
.png){kind=icon}
PRE
AI
W
J
DOI：10.1016/j.frl.2026.110058.png)
.png){kind=icon}
Original request for help.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
• Firm-level data from 19 EMEs (2000–2018) used to analyze leverage and global conditions. • Global financial cycles significantly drive corporate leverage growth in emerging markets. • Leverage sensitivity is highest among small firms and non-tradable service sectors. • Global cycles possibly transmit via firm-level credit constraints and sectoral demand fluctuations.
Keywords:
firm leverage
global financial cycles
emerging markets
credit constraints
sectoral heterogeneity
Journal
IF:
6.9
Papers:
8.9K
Citations:
2.8W