Investment and Liquidity Constraints: Empirical Evidence for Germany

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During the last decade exploring the link between financial factors and investment has become a major field of theoretical and empirical publications. Firms in a weak financial position cannot raise capital at conditions that allow financing all profitable investment projects. Some empirical findings indicate that young, fast growing, low dividend paying firms face more liquidity constraints compared to other firms and therefore exhibit stronger reactions in investment to changes of their internal financial flow. If the ...

Investment and Liquidity Constraints: Empirical Evidence for Germany 2003, Deutscher Universitatsverlag, Wiesbaden

ISBN-13: 9783824491278

2003 edition

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