Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness
NBER Working Paper No. 25226
---- Acknowledgments ----
Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau or the National Bureau of Economic Research. All results have been reviewed to ensure that no confidential information is disclosed. We thank the participants of NBER Capital Markets group at the 2018 Summer Institute for comments.