role of banks in mitigating trade search costs during the 2018-2019 U.S.-China trade tensions. We match data on shipments … show that importers of tariff-hit products from China were more likely to exit relationships with Chinese suppliers and to …

Firms face uncertain financing conditions and are exposed to the risk of a sudden rise in financing costs during … issuance, risk management, and payout policies) for a financially constrained firm facing time-varying external financing costs … financing opportunities also induce firms to rationally time the equity market, even if they have no immediate needs for cash …

investment and financing decisions. In our model, corporate risk management involves internal liquidity management, financial … external cost of financing; 3) the firm's liquidation value; 4) the opportunity cost of holding cash; 5) investment adjustment …

When a firm is unable to roll over its debt, it may have to seek more expensive sources of financing or even liquidate …. An advantage of short-term financing is that a firm, while in good financial health, can readjust its maturity structure …