Financial frictions and the K/L ratio in UK manufacturing
Marina-Eliza Spaliara ()
Economics Letters, 2011, vol. 112, issue 1, 23-25
We investigate whether technological differences of UK manufacturing industries influence the response of firms' capital-labour (K/L) ratio to changes in financial indicators under financial frictions. The results reveal that technological factors along with internal funds significantly affect the K/L ratio for financially constrained firms.
Keywords: Financial; frictions; Capital-labour; ratio; Manufacturing; industries (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:1:p:23-25
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