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higher risks in the time period 1987-1996. Further tests reveal that for this firms’ size investment and financial risk are …
Persistent link: https://www.econbiz.de/10014608853
Summary The changes in the financial structures of West German industrial enterprises have been investigated in Größl/Stahlecker/Wohlers (2001). The empirical analysis confirmed the hypothesis that small and medium-sized enterprises are confronted with higher - and even rising - financial...
Persistent link: https://www.econbiz.de/10014608854
Summary This paper investigates the borrowing behavior of 2,900 French and 1,300 German firms over the 1987-95 period. Both samples based on data sets of the Banque de France and the Deutsche Bundesbank not only include large but also small and medium-sized enterprises. Applying GMM techniques,...
Persistent link: https://www.econbiz.de/10014608858
dem Hintergrund der Theorie der Unternehmensfinanzierung und im Kontext theoretischer Überlegungen zum Aufbau und zur …
Persistent link: https://www.econbiz.de/10014608859
Purpose The purpose of this paper is to document the relation between investment-cash flow sensitivity and a firm … examine how CSR moderates the sensitivity between investment spending and firm internal funds. Design/methodology/approach The … Euler equation technique approach is applied to test the sensitivity of investment to internally generated funds for a panel …
Persistent link: https://www.econbiz.de/10014941210
Zusammenfassung In dem Beitrag wird das in Deutschland beobachtbare Phänomen der im Vergleich zur Realvermögensbildung überproportionalen Geldvermögensbildung untersucht. Grundlage ist die Finanzierungsrechnung der Deutschen Bundesbank, die eine sektorale Analyse des...
Persistent link: https://www.econbiz.de/10014608799
This paper deals with the process followed to select investment projects within the construction industry with emphasis …
Persistent link: https://www.econbiz.de/10014868819
need for credit for investment. Looks at the link between financial intermediation and economic growth for nine countries … linkages. Finds that financial structure variables explain income growth better than investment variables in five countries …
Persistent link: https://www.econbiz.de/10014940323
Advocates of public-private partnerships (PPPs) for infrastructure services in developing countries have long battled criticism of these arrangements by civil society groups. The view among PPP advocates generally has been that these criticisms are mostly ideological polemics thatmix opinion...
Persistent link: https://www.econbiz.de/10015361233
large inefficiencies, as firms with productive investment opportunities underinvest. Lack of access to finance is a frequent … extent to which a lack of capital affects their business profits is complicated by the fact that business investment is …
Persistent link: https://www.econbiz.de/10015360583