Benchmark
Your Company's Big Appetite For Debt May Be Dangerous To Your Job
Researchers find link between declining domestic demand and firings at high-debt firms
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Employees working for companies with big debt loads were particularly vulnerable to firings when household demand collapsed in the last recession.
That's the conclusion in new research from finance professors Xavier Giroud and Holger Mueller, and it's exactly what's been worrying U.S. bank regulators for the past two years.