NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Precautionary Saving in a Financially-Constrained Firm

Andrew B. Abel, Stavros Panageas

NBER Working Paper No. 26628
Issued in January 2020

---- 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.

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