Arbeitspapier
Does firm size matter? Evidence on the impact of liquidity constraint on firm investment behavior in Germany
This paper examines the link between liquidity constraints and investment behavior for German firms of different sizes from 1970 to 1986. Results indicate that medium sized firms appear to be more liquidity constrained in their investment behavior than either the smallest or largest firms in the study, suggesting that the unique German infrastructure designed to assist the small firm has indeed succeeded in alleviating, to some degree, such liquidity constraints. Findings also support the hypothesis that the emerging competition and internationalism which characterized the German financial markets in the 1980's, have been improving access to capital for some groups of firms.
- Sprache
-
Englisch
- Erschienen in
-
Series: HWWA Discussion Paper ; No. 113
- Klassifikation
-
Wirtschaft
- Thema
-
Investition
Betriebsgröße
Verschuldungsrestriktion
Tobin's q
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Audretsch, David B.
Elston, Julie Ann
- Ereignis
-
Veröffentlichung
- (wer)
-
Hamburg Institute of International Economics (HWWA)
- (wo)
-
Hamburg
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Audretsch, David B.
- Elston, Julie Ann
- Hamburg Institute of International Economics (HWWA)
Entstanden
- 2000
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