Investment, Liquidity Constaints and Bank Relationships : Evidence from German Manufacturing Firms
AbstractThis paper presents evidence supporting the theory that informational and incentive problems in the capital markets affect firm investment. This hypothesis is tested by estimating investment equations for two groups of German firms.
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Bibliographic InfoPaper provided by American Institute for Contemporary German Studies- in its series Papers with number 17.
Length: 35 pages
Date of creation: 1997
Date of revision:
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Postal: U.S.A.; Johns Hopkins University, American Institute for Contemporary German Studies. 1400 16th Street, N.W. Suite 420 Washington, D.C. 20036-2217
INVESTMENTS ; GERMANY;
Other versions of this item:
- Elston, Julie Ann, 1996. "Investment, Liquidity Constraints and Bank Relationships: Evidence from German Manufacturing Firms," CEPR Discussion Papers 1329, C.E.P.R. Discussion Papers.
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
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