The impact of COVID-19 economic stimulus measures on corporate stakeholders. Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. This proje

Description

The impact of COVID-19 economic stimulus measures on corporate stakeholders. Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. This project aims to quantify the market value of these government subsidies and how it was shared across corporate stakeholders. The project expects to generate new knowledge for the design of financial stability regimes by developing the world-first dynamic structural model of firm assets that allows for government interventions both prior to and at default. Expected outcomes include a novel public dataset that tracks expected future subsidies and how they are shared by stakeholders. These forecasts should provide significant benefits to taxpayers as they fund the subsidies and gain from them as claimants to Australian firms.. Scheme: Discovery Projects. Field: 1502 - Banking, Finance and Investment. Lead: Prof Antje Berndt