How does financial pressure affect firms?

Stephen Nickell and Daphne Nicolitsas

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: How does monetary policy work? While one aspect of the investigation has focused on the behaviour of consumers, another has concentrated on the behaviour of companies faced with the kind of financial pressures associated with tight monetary policy. The general focus in this area is on the impact of financial constraints on investment expenditures including fixed capital and inventories. Our purpose is to shift this focus somewhat and to concentrate on the impact of financial pressure on other aspects of company behaviour. We first discuss briefly the theoretical background and the empirical formulation. Then, using panel data on a large number of UK companies, we derive a number of results.

JEL-codes: J01 R14 (search for similar items in EconPapers)
Pages: 41 pages
Date: 1995-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://eprints.lse.ac.uk/20698/ Open access version. (application/pdf)

Related works:
Journal Article: How does financial pressure affect firms? (1999)
Working Paper: How Does Financial Pressure Affect Firms? (1995)
Working Paper: How Does Financial Pressure Affect Firms (1995)
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:ehl:lserod:20698

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().