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.
引用
收藏
页码：266 / 271
页数：6
相关论文
共 50 条
  • [41] Investment-based financing constraints and debt renegotiation
    Shibata, Takashi
    Nishihara, Michi
    JOURNAL OF BANKING & FINANCE, 2015, 51 : 79 - 92
  • [42] Mitigating Financing Constraints on Investment: Ownership an Transparency in Russia
    Grosman, Anna
    JOURNAL OF EAST EUROPEAN MANAGEMENT STUDIES, 2022, 27 (03) : 434 - 461
  • [43] Sensitivity of Uncertainty and Effect of Financing Constraints to Enterprises' Investment
    Bai Ruifeng
    Guo Jianqiang
    STATISTIC APPLICATION IN SCIENTIFIC AND SOCIAL REFORMATION, 2010, : 848 - 852
  • [44] Business groups, financing constraints and investment: The case of India
    Lensink, R
    Van der Molen, R
    Gangopadhyay, S
    JOURNAL OF DEVELOPMENT STUDIES, 2003, 40 (02): : 93 - 119
  • [45] Research and development investment and financing constraints: The case of Japan
    Saidani, Wien
    Msolli, Badreddine
    Ajina, Aymen
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2017, 42 : 1336 - 1342
  • [46] Small firm investment and financing decisions: An option value approach
    Calcagnini, G
    Iacobucci, D
    SMALL BUSINESS ECONOMICS, 1997, 9 (06) : 491 - 502
  • [47] The role of financing constraints and environmental policy on green investment
    Costa, Helia
    Demmou, Lilas
    Franco, Guido
    Lamp, Stefan
    ECONOMICS LETTERS, 2024, 239
  • [48] Business environment, financing constraints and enterprise innovation investment
    Sun, Liming
    Shen, Juanjuan
    Zhai, Jun
    Lu, Feixiang
    Zhang, Xue
    Liu, Aichun
    Guan, Haoyuan
    FINANCE RESEARCH LETTERS, 2024, 70
  • [49] VALUATION AND FIRM INVESTMENT AND FINANCING POLICIES WITH PERSONAL TAX BIASES
    SCHALL, LD
    JOURNAL OF BUSINESS RESEARCH, 1981, 9 (01) : 87 - 111
  • [50] OPTIMAL INVESTMENT AND FINANCING PATTERNS FOR A FIRM SUBJECT TO REGULATION WITH A LAG
    ELTON, EJ
    GRUBER, MJ
    JOURNAL OF FINANCE, 1977, 32 (05): : 1485 - 1500
12345