Financing constraints and firm inventory investment: A reexamination

被引：3
|
作者：
Tsoukalas, JD [1 ]
机构：
[1] Univ Maryland, Dept Econ, College Pk, MD 20742 USA
来源：
ECONOMICS LETTERS | 2006年 / 90卷 / 02期
关键词：
inventories; financing constraints; dynamic panel data estimators;
D O I：
10.1016/j.econlet.2005.08.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper shows that small firms' inventory investment is substantially more sensitive (relative to large firms) to cash flow than previously recognized. Consequently, the strength of financing constraints on inventory investment may have been understated. (c) 2005 Elsevier B.V. All rights reserved.
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页码：266 / 271
页数：6
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