# Professor Holger Mueller's joint research on firm leverage during the Great Recession is cited

1 Faculty News March 20, 2020 ![InStore Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/INSTORE_Logo_190%20x%20145.jpg?itok=POn17Kn-)>

Excerpt from [InStore Magazine](https://instoremag.com/19-tips-to-recession-proof-your-jewelry-business/) -- "In a 2017 study, Xavier Giroud (of MIT’s Sloan School of Management) and [Holger Mueller](https://www.stern.nyu.edu/faculty/bio/holger-mueller) (of NYU’s Stern School of Business) found that the vast majority of businesses that were shuttered during the Great Recession had become highly leveraged in the run-up to the downturn."

[Read More](https://instoremag.com/19-tips-to-recession-proof-your-jewelry-business/)