This paper examines the link between liquidity constraints and investment behaviour on the one hand, and firm size on … have investment functions which are more sensitive to liquidity constraints than do the larger enterprises. These results … finance. Such liquidity constraints are found to exist in Germany only since the mid-1970s, however. Apparently the German …

firm investment. This hypothesis is tested by estimating investment equations for two groups of German manufacturing firms … external financing costs and liquidity constraints. Findings support the hypothesis of greater investment sensitivity to … liquidity constraints, as well as increased investment sensitivity over time, for the group of independent firms. …

Germany in the EMS and is consistent with the evidence that membership has induced several countries to disinflate more than …

both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the … investment in the greenfield case, and a cross-border cash flow tax on foreign investment in both cases. These basic results …

and intensive business investment and shows how these margins respond to changes in average and marginal corporate tax … rates. Intensive investment refers to the size of a firm's capital stock. Extensive investment refers to the firm …'s production location and reflects the trade-off between exports and foreign direct investment as alternative modes of foreign …

around 21.5% in the year 2000. The estimation suggests that a one percentage point increase in foreign ownership increases …

-European profit shifting by multinationals largely at the expense of Germany. …