easily repossess a firm’s assets. Tangible assets, however,are often illiquid. We show that the redeployability of tangible … redeployability facilitates borrowingthe most during periods of tight credit. Our work contributes new evidence to capital structure …

answer this question, we introduce a novel industry-specific measure of real asset redeployability - the ease with which real …

, firms use external financing, which implies a lower sensitivity. In addition, asset redeployability decreases the investment …