Financing Constraints and Firm Inventory Investment: A Reexamination

John Tsoukalas ()

Econometrics from EconWPA

Abstract: 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.

Keywords: Inventories; Dynamic Panel Models (search for similar items in EconPapers)
JEL-codes: C1 C2 C3 C4 C5 C8 (search for similar items in EconPapers)
Date: 2005-03-22
Note: Type of Document - pdf
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http://129.3.20.41/eps/em/papers/0503/0503019.pdf (application/pdf)

Related works:
Journal Article: Financing constraints and firm inventory investment: A reexamination (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0503019

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