Corporate debt, Share of Wages in Value Added and Interest Rates
AbstractIt 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.
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Bibliographic InfoPaper provided by Caisse des Depots et Consignations - Cahiers de recherche in its series Papers with number 1996-05/m.
Length: 25 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: Caisse des depots et consignations, Services des etudes economiques et financieres, 195 Boulevard Saint Germain- 75007 Paris, France.
INTEREST RATE; DEBT; ENTREPRISES;
Find related papers by JEL classification:
- H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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