Weathering the Storm : Responses by Cambodian Firms to the Global Financial Crisis

Firms have various ways to cope with external risks. This paper analyzes the risk coping behavior that entails the smoothing of inputs (labor, raw materials, or capital). The theoretical framework shows that, if they face adjustment costs, firms pr...

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Bibliographic Details
Main Authors:	Guimbert, Stephane, Oostendorp, Remco
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FORMAL FINANCE ADJUSTMENT COST ADJUSTMENT COSTS AGRICULTURE AVAILABILITY OF FINANCE BANKRUPTCIES BANKRUPTCY BARGAINING POWER BRANCHES BUSINESS ENVIRONMENT CAPITAL MARKET CAPITAL MARKETS CAPITAL REGULATION CAPITAL REQUIREMENTS CAPITAL STOCK COMMERCIAL BANKS CONSUMPTION SMOOTHING CORPORATE PERFORMANCE CREATIVE DESTRUCTION CREDIT CONSTRAINED FIRM CREDIT CONSTRAINED FIRMS CREDIT CONSTRAINT CREDIT CONSTRAINTS CREDIT CRUNCH DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DRIVERS EARNINGS ECONOMIC CRISES ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC SHOCKS ELASTICITY EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT IMPACT EXPORTS EXTERNAL FINANCE FACTOR DEMAND FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL POLICY FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCING NEED FIRM LEVEL FIRM PERFORMANCE FIRM PRODUCTIVITY FIRM SIZE FIRM SURVEY FIRM SURVEYS FIXED COST FIXED COSTS GDP HOUSEHOLDS ID INEQUALITY INFLATION INFLATION RATE INFORMAL FINANCE INPUT PRICES INSURANCE INTERNATIONAL BANK INVENTORIES INVENTORY INVESTMENT DECISIONS LABOR DEMAND LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET OUTCOME LABOR MARKETS LABOR POLICY LABOR PRODUCTIVITY LINES OF CREDIT LIQUIDITY MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURERS MARGINAL COST MONEY LENDERS MULTIPLIERS NEW BUSINESS OPTIMIZATION OWNERSHIP STRUCTURE PERMANENT EMPLOYMENT PERMANENT WORKERS POOR ACCESS PREVIOUS SECTION PRIVATE COMMERCIAL BANKS PROBIT REGRESSION PRODUCTION CAPACITY PRODUCTION WORKERS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY DISTRIBUTION PRODUCTIVITY LEVELS REAL ESTATE RETAINED EARNINGS SAFETY NETS SAVINGS SKILL TYPE SKILLED WORKERS SOCIAL SAFETY NETS SUPPLIERS TEMPORARY WORKERS TOTAL COSTS TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY TRADE CREDIT UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED VILLAGE WAGE SUBSIDIES WAGES WORKER WORKERS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16812612/weathering-storm-responses-cambodian-firms-global-financial-crisis http://hdl.handle.net/10986/12064

Internet

http://documents.worldbank.org/curated/en/2012/10/16812612/weathering-storm-responses-cambodian-firms-global-financial-crisis
http://hdl.handle.net/10986/12064

Weathering the Storm : Responses by Cambodian Firms to the Global Financial Crisis

Internet

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