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Investment, R&D and financial constraints in Britain and Germany
Bond, Stephen (contributor); Harhoff, Dietmar (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001930570
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Are there financing constraints for R&D and investment in German manufacturing firms?
Harhoff, Dietmar - 1996
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …
Persistent link: https://www.econbiz.de/10011621855
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Are there financing constraints for R&D and investment in German manufacturing firms?
Harhoff, Dietmar - 1996
Persistent link: https://www.econbiz.de/10000647702
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Size matters : "over"investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2018
The corporate finance literature documents that managers tend to over-invest in their companies. A number of theoretical contributions have aimed at explaining this stylized fact, most of them focusing on a fundamental agency problem between shareholders and managers. The present paper shows...
Persistent link: https://www.econbiz.de/10011895831
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Taxation, financing, and corporate investment : a model of the real and financial decisions of the firm
Nadeau, Serge J.; Strauss, Robert P. - 1991
Persistent link: https://www.econbiz.de/10000970175
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The commitment role of equity financing
Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017
Existing theories of a firm's optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...
Persistent link: https://www.econbiz.de/10011705222
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Bank leverage cycles and the external finance premium
Rannenberg, Ansgar - 2013
world with only a monetary policy and a productivity shock, the full model matches the relative volatility of the external …, the model reproduces a substantial share of the contraction (increase) of investment (the external finance premium …
Persistent link: https://www.econbiz.de/10010238505
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External financing and economic activity in the euro area : why are bank loans special?
Aldasoro, Iñaki; Unger, Robert - 2017
Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...
Persistent link: https://www.econbiz.de/10011632175
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Corporate finance and restructuring: evidence from Central and Eastern Europe
Köke, F. Jens; Salem, Tanja - 2000
suggests that there is room for creditors to fulfill their role in corporate governance. On the other hand, investment is …
Persistent link: https://www.econbiz.de/10013428317
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Taxation, equity and growth : exploring the trade-off between shareholder dividend tax relief and higher corporate income taxes
Nadeau, Serge J.; Strauss, Robert P. - 1992
Persistent link: https://www.econbiz.de/10000970192