Stellian et al., 2021 - Google Patents
Firms in financial distress: evidence from inter-firm payment networks with volatility driven by 'animal spirits'Stellian et al., 2021
View PDF- Document ID
- 17463122954166802292
- Author
- Stellian R
- Penagos G
- Danna-Buitrago J
- Publication year
- Publication venue
- Journal of Economic Interaction and Coordination
External Links
Snippet
This paper elaborates an agent-based model of a pure market economy to provide theoretical evidence on how volatility-induced changes in inter-firm payment networks affect the financial distress of firms. This volatility is driven by 'animal spirits' in that it arises from …
- 235000015096 spirit 0 title abstract description 20
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