Precautionary Saving in a Financially-Constrained Firm
---- Acknowledgments ----
We are grateful to Neng Wang for helpful discussions and to seminar and
conference participants at London Business School, Michigan Ross, NBER
Summer Institute 2018, Penn Macro Lunch, Swiss Finance Institute-EPFL, UCLA. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.