Financial frictions and the K/L ratio in UK manufacturing
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Spaliara, Marina-Eliza, 2009.
"Do financial factors affect the capital-labour ratio? Evidence from UK firm-level data,"
Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1932-1947, October.
- Marina-Eliza Spaliara, 2008. "Do Financial Factors Affect the Capital-Labour Ratio? Evidence form UK FIrm-Level Data," Discussion Paper Series 2008-02, Department of Economics, Loughborough University, revised Apr 2008.
- Marina-Eliza Spaliara, 2009. "Do Financial Factors Affect The Capital-Labour Ratio: Evidence From UK Firm-Level Data," Discussion Papers 09/04, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Holger Görg & Eric Strobl, 2016.
"Multinational Companies, Technology Spillovers and Plant Survival,"
World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT, chapter 16, pages 289-303,
World Scientific Publishing Co. Pte. Ltd..
- Holger Görg & Eric Strobl, 2003. "Multinational Companies, Technology Spillovers and Plant Survival," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(4), pages 581-595, December.
- Holger Görg & Eric Strobl, 2003. "Multinational Companies, Technology Spillovers, and Plant Survival," Discussion Papers of DIW Berlin 366, DIW Berlin, German Institute for Economic Research.
- Nickell, Stephen & Nicolitsas, Daphne, 1999.
"How does financial pressure affect firms?,"
European Economic Review, Elsevier, vol. 43(8), pages 1435-1456, August.
- Nickell, Stephen & Nicolitsas, Daphne, 1995. "How does financial pressure affect firms?," LSE Research Online Documents on Economics 20698, London School of Economics and Political Science, LSE Library.
- Nickell, S. & Nicolitsas, D., 1995. "How Does Financial Pressure Affect Firms," Economics Series Working Papers 99170, University of Oxford, Department of Economics.
- Stephen Nickell & D Nicolitsas, 1995. "How Does Financial Pressure Affect Firms?," CEP Discussion Papers dp0266, Centre for Economic Performance, LSE.
- Guariglia, Alessandra, 2008.
"Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms,"
Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1795-1809, September.
- Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Bougheas, Spiros & Mizen, Paul & Yalcin, Cihan, 2006. "Access to external finance: Theory and evidence on the impact of monetary policy and firm-specific characteristics," Journal of Banking & Finance, Elsevier, vol. 30(1), pages 199-227, January.
- Blundell, Richard & Bond, Stephen & Devereux, Michael & Schiantarelli, Fabio, 1992. "Investment and Tobin's Q: Evidence from company panel data," Journal of Econometrics, Elsevier, vol. 51(1-2), pages 233-257.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Thomas Hatzichronoglou, 1997. "Revision of the High-Technology Sector and Product Classification," OECD Science, Technology and Industry Working Papers 1997/2, OECD Publishing.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Driver, Ciaran & Muñoz-Bugarin, Jair, 2019. "Financial constraints on investment: Effects of firm size and the financial crisis," Research in International Business and Finance, Elsevier, vol. 47(C), pages 441-457.
- Saifullah Khan & Adnan Shoaib, 2024. "Firm value adjustment speed through financial friction in the presence of earnings management and productivity growth: evidence from emerging economies," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Spaliara, Marina-Eliza, 2009.
"Do financial factors affect the capital-labour ratio? Evidence from UK firm-level data,"
Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1932-1947, October.
- Marina-Eliza Spaliara, 2008. "Do Financial Factors Affect the Capital-Labour Ratio? Evidence form UK FIrm-Level Data," Discussion Paper Series 2008-02, Department of Economics, Loughborough University, revised Apr 2008.
- Marina-Eliza Spaliara, 2009. "Do Financial Factors Affect The Capital-Labour Ratio: Evidence From UK Firm-Level Data," Discussion Papers 09/04, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Marina-Eliza Spaliara, 2010. "Financial frictions and the K/L ratio in UK manufacturing industries," Discussion Paper Series 2010_7, Department of Economics, Loughborough University.
- Guariglia, Alessandra, 2008.
"Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms,"
Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1795-1809, September.
- Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Fátima Herranz González & Carmen Martínez-Carrascal, 2017. "The impact of firms’ financial position on fixed investment and employment. An analysis for Spain," Working Papers 1714, Banco de España.
- Mizen, Paul & Tsoukas, Serafeim, 2012.
"The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises,"
Journal of Banking & Finance, Elsevier, vol. 36(11), pages 3048-3059.
- Paul Mizen & Serafeim Tsoukas, 2012. "The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises," Working Papers 2012_08, Business School - Economics, University of Glasgow.
- Chen, Minjia & Guariglia, Alessandra, 2013. "Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1123-1140.
- Andrew Benito & Garry Young, 2003.
"Hard Times or Great Expectations? Dividend Omissions and Dividend Cuts by UK Firms,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 531-555, December.
- Andrew Benito & Garry Young, 2001. "Hard Times or Great Expectations?: Dividend omissions and dividend cuts by UK firms," Bank of England working papers 147, Bank of England.
- Benito, Andrew & Garry Young, 2002. "Hard Times or Greatr Expectations?: Dividend Omissions and Dividend Cuts by UK Firms," Royal Economic Society Annual Conference 2002 21, Royal Economic Society.
- Conor O'Toole & Carol Newman, 2012. "Investment Financing and Financial Development: Firm Level Evidence from Vietnam," The Institute for International Integration Studies Discussion Paper Series iiisdp409, IIIS.
- Andrew Benito & Garry Young, 2007.
"Financial Pressure and Balance Sheet Adjustment by Firms,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(5), pages 581-602, October.
- Andrew Benito & Garry Young, 2002. "Financial pressure and balance sheet adjustment by UK firms," Bank of England working papers 168, Bank of England.
- Benito, Andrew & Garry Young, 2002. "Financial Pressure and Balance Sheet Adjustment by UK Firms," Royal Economic Society Annual Conference 2002 20, Royal Economic Society.
- Andrew Benito & Garry Young, 2002. "Financial Pressure and Balance Sheet Adjustment by UK Firms," Working Papers 0209, Banco de España.
- Klaas Mulier & Koen Schoors & Bruno Merlevede, 2014. "Investment-Cash Flow Sensitivity and the Cost of External Finance," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/890, Ghent University, Faculty of Economics and Business Administration.
- Tsoukas, Serafeim, 2011.
"Firm survival and financial development: Evidence from a panel of emerging Asian economies,"
Journal of Banking & Finance, Elsevier, vol. 35(7), pages 1736-1752, July.
- Serafeim Tsoukas, 2012. "Firm Survival and Financial Development: Evidence from a Panel of Emerging Asian Economies," Working Papers 142012, Hong Kong Institute for Monetary Research.
- Carpenter, Robert E. & Guariglia, Alessandra, 2008.
"Cash flow, investment, and investment opportunities: New tests using UK panel data,"
Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1894-1906, September.
- Guariglia, Alessandra & Robert E Carpenter, 2003. "Cash flow, investment, and investment opportunities: New tests using UK panel data," Royal Economic Society Annual Conference 2003 94, Royal Economic Society.
- Zhang, Qiong & Shi, Yupeng & He, Angda & Wen, Xueting, 2017. "Property rights security and firm survival: Micro-data evidence from China," China Economic Review, Elsevier, vol. 44(C), pages 296-310.
- Vlieghe, Gertjan & Stephen Bond & Alexander Klemm & Rain Newton-Smith & Murtaza Syed, 2003.
"The roles of expected profitability, Tobin's Q and cash flow in econometric models of company investment,"
Royal Economic Society Annual Conference 2003
212, Royal Economic Society.
- Stephen Bond & Alexander Klemm & Rain Newton-Smith & Murtaza Syed & Gertjan Vlieghe, 2004. "The roles of expected profitability, Tobin's Q and cash flow in econometric models of company investment," IFS Working Papers W04/12, Institute for Fiscal Studies.
- Stephen Bond & Alexander Klemm & Rain Newton-Smith & Murtaza Syed & Gertjan Vlieghe, 2004. "The roles of expected profitability, Tobin's Q and cash flow in econometric models of company investment," Bank of England working papers 222, Bank of England.
- Coad, Alex, 2010.
"Neoclassical vs evolutionary theories of financial constraints: Critique and prospectus,"
Structural Change and Economic Dynamics, Elsevier, vol. 21(3), pages 206-218, August.
- Alex Coad, 2007. "Neoclassical vs Evolutionary Theories of Financial Constraints : Critique and Prospectus," Post-Print halshs-00144415, HAL.
- Alex Coad, 2007. "Neoclassical vs Evolutionary Theories of Financial Constraints : Critique and Prospectus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00144415, HAL.
- Alex Coad, 2007. "Neoclassical vs evolutionary theories of financial constraints: critique and prospectus," Documents de travail du Centre d'Economie de la Sorbonne r07008, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Alessandra Guariglia & Paul Mizen, 2012. "Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis," Working Papers 322012, Hong Kong Institute for Monetary Research.
- Andrew Benito, 2001. "'Oscillate Wildly': asymmetries and persistence in company-level profitability," Bank of England working papers 128, Bank of England.
- Pindado, Julio & Requejo, Ignacio & de la Torre, Chabela, 2011. "Family control and investment–cash flow sensitivity: Empirical evidence from the Euro zone," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1389-1409.
- Gerlach, Petra & O'Connell, Brian & O'Toole, Conor, 2013. "SME Credit Constraints and Macroeconomic Effects," Papers WP467, Economic and Social Research Institute (ESRI).
- Bergström, Pål & Lindberg, Sara, 1998. "Firms' Financial Policy and Labour Demand: Theory and Evidence," Working Paper Series 1998:18, Uppsala University, Department of Economics.
More about this item
Keywords
Financial frictions Capital-labour ratio Manufacturing industries;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:112:y:2011:i:1:p:23-25. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.