Do investments in human and physical capital respond differently to financing constraints?
Abstract Using a representative sample of European firms, we study whether financing constraints affect employers’ investments in employee training and physical capital differently. We measure financing constraints with an index that combines survey and balance sheet data. We instrument this index w...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2022-05-01
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| Series: | Swiss Journal of Economics and Statistics |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s41937-022-00090-8 |