Investment, Liquidity Constaints and Bank Relationships: Evidence from German Manufacturing Firms

Working Papers from American Institute for Contemporary German Studies-

Abstract: This paper presents evidence supporting the theory that informational and incentive problems in the capital markets affect firm investment. This hypothesis is tested by estimating investment equations for two groups of German firms.

Keywords: INVESTMENTS; GERMANY (search for similar items in EconPapers)
JEL-codes: E22 (search for similar items in EconPapers)
Date: Written 1997

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Working Paper: Investment, Liquidity Constraints and Bank Relationships: Evidence from German Manufacturing Firms (1996)
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