Land Value and Corporate Investment: Evidence from Japanese Panel Data.

Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.

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Year of publication:	1996
Authors:	Ogawa, K. ; Suzuki, K.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	INVESTMENTS \| JAPAN \| CAPITAL \| CORPORATIONS

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	C20 - Econometric Methods: Single Equation Models. General ; C23 - Models with Panel Data ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; E22 - Capital; Investment (including Inventories); Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008603012