the majority in Germany. One of the key variables when using balance sheet data, which has attracted much detailed … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment … börsennotierte Unternehmen, die in Deutschland eindeutig dominieren. Eine zentrale Größe der Analyse des Investitionsverhaltens auf …

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped …

also discussed in relevant literature. The natural estimation method seems to be Maximum Likelihood (ML) estimation because … estimation approaches for both the half-normal and the exponential approach to inefficiency. Based on the simulation results we … obtain decision rules for the choice of the superior estimation approach. Both estimation methods, ML and MOM, are applied to …