| 书目名称 | Investment and Liquidity Constraints | | 副标题 | Empirical Evidence f | | 编辑 | Andreas Behr | | 视频video | | | 丛书名称 | neue betriebswirtschaftliche forschung (nbf) | | 图书封面 |  | | 描述 | During the last decade exploring the link between financial factors and investment has become a major field of theoretical and empirical publications. Firms in a weak financial position cannot raise capital at conditions that allow financing all profitable investment projects. Some empirical findings indicate that young, fast growing, low dividend paying firms face more liquidity constraints compared to other firms and therefore exhibit stronger reactions in investment to changes of their internal financial flow. If the credit conditions of firms will be influenced through expansionary or rather restrictive monetary conditions the cycle of real activity might be accelerated through these monetary conditions and the final effects might exceed the pure effects of the interest channel alone. In the analysis in hand the role of financial factors in the firm‘s investment decision is explored within the framework of the Q-theory of investment. The Q-theory is applied to a large database of German firms, covering balance sheet data for 2,314 German firms, thereof 1,342 manufacturing firms. This database, the Deutsche Bundesbank‘s Corporate Balance Sheet Statistics, gives the unique opport | | 出版日期 | Book 2003 | | 关键词 | Dynamic Models; Funds; Investment; Liquidität; Panel Data; Q-Theory; VAR; neue betriebswirtschafliche forsc | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-322-82010-5 | | isbn_softcover | 978-3-8244-9127-8 | | isbn_ebook | 978-3-322-82010-5Series ISSN 0175-8802 Series E-ISSN 2945-8129 | | issn_series | 0175-8802 | | copyright | Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden 2003 |
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发表于 2025-3-21 17:21:21
