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Credit Frictions and The Cleansing Effect of Recessions
16 references·3 citing·44 second hop
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References

  • 1997Capitalism, Socialism and Democracy15,265 cited
  • 1943Capitalism, Socialism and Democracy.6,530 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 1989Recursive Methods in Economic Dynamics3,065 cited
  • 1992Entry, Exit, and firm Dynamics in Long Run Equilibrium2,853 cited
  • 1989Entry and Exit Decisions under Uncertainty2,356 cited
  • 2008Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?1,859 cited
  • 1986Finite state markov-chain approximations to univariate and vector autoregressions1,538 cited
  • 1989The Growth and Failure of U. S. Manufacturing Plants1,494 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations1,334 cited
  • 1997How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed1,255 cited
  • 2007How Costly Is External Financing? Evidence from a Structural Estimation1,148 cited
  • 1996Agency Costs, Net Worth, and Business Fluctuations : A Computable General Equilibrium Analysis899 cited
  • 1993Sticking it Out: Entrepreneurial Survival and Liquidity Constraints893 cited
  • 1994Sticking it Out: Entrepreneurial Survival and Liquidity Constraints

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882 cited
  • 2001Financial Markets and Firm Dynamics832 cited
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    • 2016Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt31 cited
    • 2017Finance and productivity17 cited