Barran, Fernando; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998
In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … from 1984 to 1992. An investment Euler equation is derived from a dynamic optimization model with debt ceilings and an … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …