It takes the average reader and 31 minutes to read Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia by Mr. Se-Jik Kim
Assuming a reading speed of 250 words per minute. Learn more
Different levels of corporate leverage are used in this paper to help explain the wide range of post-crisis output adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of capital inflows are threatened by bankruptcy. These firms respond by eliminating investment and selling their capital goods-at a discount-to try to stay afloat. Lower investment and wasteful capital sales shrink the aggregate capital stock, trigger deflationary pressures, and contract overall output. The available data are broadly consistent with the assumptions and predictions of the model.
Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia by Mr. Se-Jik Kim is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia aloud.
Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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