Financial Factors and Investment in Belgium, France, Germany and the UK : A Comparison Using Company Panel Data
Stephen Bond, Julie Elston, Jacques Mairesse, Benoit Mulkay
We construct company panel datasets for manufacturing firms in Belgium, France, Germany and the UK, covering the period 1978-89. These datasets are used to estimate a range of empirical investment equations, and to investigate the role played by financial factors in each country. A robust finding is that cash flow or profits terms appear to be both statistically and quantitatively more significant in the UK than in the three continental European countries. This is consistent with the suggestion that financial constraints on investment may be relatively severe in the more market-oriented UK financial system
Year of publication: |
January 1997
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Authors: | Bond, Stephen |
Other Persons: | Mulkay, Benoit (contributor) ; Mairesse, Jacques (contributor) ; Elston, Julie (contributor) |
Institutions: | National Bureau of Economic Research (contributor) |
Publisher: |
Cambridge, Mass : National Bureau of Economic Research |
Subject: | Großbritannien | United Kingdom | Frankreich | France | Deutschland | Germany | Belgien | Belgium | Investition | Investment | Unternehmensfinanzierung | Corporate finance |
Saved in:
freely available
Extent: | 1 Online-Ressource |
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Series: | NBER working paper series ; no. w5900 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers. |
Other identifiers: | 10.3386/w5900 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012472928