Financial frictions in the US: asymmetric effects per industry

Nicholas Apergis (), Tasawar Hayat and Tareq Saeed

Applied Economics Letters, 2022, vol. 29, issue 8, 767-771

Abstract: The article explores the link between lending rates and real output asymmetries and bankruptcy costs across US industries. The results document that bankruptcy costs impact such asymmetries, indicating stronger financial frictions in those industries, which are expected to delay the recovery of firms in stressful events.

Date: 2022
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DOI: 10.1080/13504851.2021.1896665

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