Financial factors and investment in Belgium, France, German and the UK: A comparison using company panel data.
This paper investigates whether the impact of financing constraints on company investment spending differs between firms in Belgium, France, Germany and the UK. Many previous studies have found that investment spending displays "excess sensitivity to cash flow" for individual countries, an...
| Main Authors: | , , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Institute for Fiscal Studies
1997
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