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Further evidence on the relationship between firm investment and financial status
Chirinko, Robert S.; Kalckreuth, Ulf von - 2002
The interpretation of the significant relation between business investment spending and cash flow has been … controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained … with the Kaplan and Zingales critique, investment/cash flow sensitivities are lower for financially constrained firms. This …
Persistent link: https://www.econbiz.de/10011431837
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Further Evidence on the Relationship between Firm Investment and Financial Status
von Kalckreuth, Ulf - 2016
The interpretation of the significant relation between business investment spending andDie Interpretation der …
Persistent link: https://www.econbiz.de/10012991259
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Finance, control, and profitability: the influence of German banks
Elston, Julie Ann; Chirinko, Robert S. - 2004
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10010261492
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Further Evidence On The Relationship Between Firm Investment And Financial Status
von Kalckreuth, Ulf; Chirinko, Robert S. - 2002
The interpretation of the significant relation between business investment spending and cash flow has been … controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained … with the Kaplan and Zingales critique, investment/cash flow sensitivities are lower for financially constrained firms. This …
Persistent link: https://www.econbiz.de/10010295745
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Finance, Control, and Profitability: The Influence of German Banks
Chirinko, Robert S.; Elston, Julie Ann - 2003
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10010315825
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FINANCE, CONTROL, AND PROFITABILITY: THE INFLUENCE OF GERMAN BANKS
Chirinko, Robert S.; Elston, Julie Ann - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10005765219
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Further Evidence On The Relationship Between Firm Investment And Financial Status
von Kalckreuth, Ulf; Chirinko, Robert S. - Deutsche Bundesbank - 2002
The interpretation of the significant relation between business investment spending and cash flow has been … controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained … with the Kaplan and Zingales critique, investment/cash flow sensitivities are lower for financially constrained firms. This …
Persistent link: https://www.econbiz.de/10005083088
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Finance, Control, and Profitability: The Influence of German Banks
Chirinko, Robert S.; Elston, Julie Ann - CESifo - 2003
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10005094259
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Finance, Control, and Profitability: The Influence of German Banks
Elston, Julie Ann; Chirinko, Robert S. - Max-Planck-Institut für Ökonomik <Jena> - 2003
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10005865222
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Testing Static Tradeoff Against Pecking Order Models of Capital Structure : A Critical Comment
Chirinko, Robert S. - 2011
In a recent paper, Shyam-Sundar and Myers (1999) introduce a new test of the Pecking Order Model. This comment shows that their elegantly simple test generates misleading inferences when evaluating plausible patterns of external financing. Our results, coupled with the power problem with the...
Persistent link: https://www.econbiz.de/10012757363