Evolution des stocks et facteurs financiers: une étude sur données d'entreprises françaises
This paper examines inventory investment of 835 french firms from 1987 to 1995. The estimates indicate that small firms are more sensitive than large firms to financial factors. Moreover, this sensitivity is amplified during shocks. Thus, results obtained would confirm the existence of a “financial accelerator” and would explain the fluctuations in output, inventories and credits over this period. Classification JEL : E22, E44, E50, C23, D21
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