The Undrawn Credit Line Premium
According to the research, firms with more unused credit lines have higher returns due to greater liquidity needs, but are also more vulnerable to economic shocks.
Featured in No. 17 on 28 Sep 2023 · 3 days after release · 0 citations today
- Released
- 25 Sep 2023
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- No. 17 · 28 Sep 2023
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- SSRN 4583504
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