01915cas a2200277 a 4500 AALejournalIMF018812 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484380659 1018-5941 BD-DhAAL BD-DhAAL Correa-Caro, Carolina. Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis / Carolina Correa-Caro, Leandro Medina, Marcos Poplawski Ribeiro, Bennett Sutton. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using financial statement data from the Thomson Reuter's Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the GFC fiscal stimulus, especially in manufacturing, utilities and retail sectors. Firm size and leverage are also found to be significant in explaining changes in corporate profitability. Mode of access: Internet Medina, Leandro. Poplawski Ribeiro, Marcos. Sutton, Bennett. IMF Working Papers; Working Paper ; No. 2018/251 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/251/001.2018.issue-251-en.xml IMF e-Library