The chip crisis and its effect on capital structure dynamics of automobile firms during the pandemic
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Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
John Wiley & Sons Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study examines the impact of chip shortages on the financial leverage of automobile firms worldwide over the period COVID-19 using a panel vector autoregression analysis. This paper analyzes the chip crisis as an exogenous shock in a highly heterogeneous and dynamic framework for automobile firms during the pandemic period. The findings show that the chip shortage has a negative effect on financial leverage of automobile firms and increases their internal financing needs during the pandemic. This study adds new insights to the current literature by considering the chip crisis to the corporate dynamics of automobile firms.
Açıklama
Anahtar Kelimeler
Determınants, Investment, Informatıon, Decısıons, Behavıor
Kaynak
Managerial and Decision Economics
WoS Q Değeri
Q2
Scopus Q Değeri
Q2
Cilt
44
Sayı
8