EconPapers    
Economics at your fingertips  
 

Multiple market imperfections, firm profitability and investment

Giorgio Calcagnini (), Annalisa Ferrando () and Germana Giombini ()

European Journal of Law and Economics, 2015, vol. 40, issue 1, 95-120

Abstract: This paper investigates the impact of the interaction between product, labor and financial market imperfections on firms’ investment by using a panel data of European firms over the period 1994–2008. It studies the impact of product and labor market regulations on firm investment and how it changes with the degree of financial market imperfections. Findings show that product and labor market regulations negatively affect firm investment by lowering firm profitability. The presence of more efficient financial markets increases firm investment and lowers the negative effects of market regulations. Copyright Springer Science+Business Media New York 2015

Keywords: Investment; Regulation impact; EPL; Financial market development; D21; D43; E22; E60 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s10657-014-9454-z (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Multiple Market Imperfections, Firm Profitability and Investment (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ejlwec:v:40:y:2015:i:1:p:95-120

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10657

Access Statistics for this article

European Journal of Law and Economics is currently edited by Jürgen Georg Backhaus, Giovanni B. Ramello and Alain Marciano

More articles in European Journal of Law and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:kap:ejlwec:v:40:y:2015:i:1:p:95-120