In this paper we have estimated a behavioural equation for R&D investment. We assess the impact of liquidity … estimation is performed on an industry level panel covering fifteen European countries from 1996 to 2005 and on a sample of …

In this paper we have estimated a behavioural equation for R&D investment. We assess the impact of liquidity … estimation is performed on an industry level panel covering fifteen European countries from 1996 to 2005 and on a sample of …

This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in …

adjustment takes place. A set of moment conditions for the use in GMM estimation is developed, to cope with the problem of time …

The empirical investment literature provides evidence on financing constraints mostly by estimating investment cash … external capital and subsequent investment levels. Based on the theoretical findings, I provide empirical evidence from a … effect on the probability of being financially restricted. -- Capital Constraints ; Taxation ; Investment ; Cash Flow ; Firm …