Corporate debt, Share of Wages in Value Added and Interest Rates

P. Artus

Working Papers from Caisse des Depots et Consignations - Cahiers de recherche

Abstract: It has been observed, in a number of european countries like France, that the increase in real long term interest rates seemd to imply a decrease in the corporate debt ratios (the debt to equity ratio or the debt to value added ratio) and also a decrease in th share of wages in value-added. We analyse the existence of a link between interest rates and the way coporations finance of their wage and employment behavior, from a theoretical point of view.

Keywords: INTEREST RATE; DEBT; ENTREPRISES (search for similar items in EconPapers)
JEL-codes: G32 H32 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:cadeco:1996-05/m

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