Acharya, Viral V; Eisert, Tim; Eufinger, Christian; … - C.E.P.R. Discussion Papers - 2014
This paper shows that the sovereign debt crisis and the resulting credit crunch in the periphery of the Eurozone lead … accounting information from Amadeus, we show that firms with a higher exposure to banks affected by the sovereign debt crisis … become financially constrained during the crisis. As a result, these firms have significantly lower employment growth …