NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Measuring the Financial Soundness of U.S. Firms, 1926–2012

Andrew G. Atkeson, Andrea L. Eisfeldt, Pierre-Olivier Weill

NBER Working Paper No. 19204
Issued in July 2013

---- Acknowledgements -----

Robert Kurtzman, David Zeke and Leo Li provided expert research assistance. We’d like to thank Tyler Muir, Bryan Kelly, and seminar participants at UCLA Anderson, the Federal Reserve Bank of Minneapolis, the Society for Economic Dynamics, Science Po Paris, UCL, Princeton, the Wharton liquidity conference, Berkeley Haas, UCSB, Claremont McKenna, Carnegie Mellon, Chicago Booth, Columbia GSB, MIT, and the Banque de France-Deutsche Bundesbank Conference on Macroeconomics and Finance Conference for fruitful discussion and comments. All errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Andrea L. Eisfeldt -----

I conduct compensated financial research for a hedge fund.

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