Comovement of Sales, Retention Practice and Financing Constraints in Dutch Manufacturing

This paper assesses the significance of financing constraints in investment decisions for a balanced panel of 206 of the largest Dutch manufacturing firms over the period 1983-1996, employing split sample analysis of reduced form investment equations. Our empirical evidence demonstrates that financing constraints matter in Dutch manufacturing and are associated with high retention practice and strong firm-industry sales comovement.

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Year of publication:	2001
Authors:	Bruinshoofd, W. Allard ; Letterie, Wilko A.
Institutions:	Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization
Subject:	mathematical economics

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Extent:	application/pdf
Series:	Research Memoranda.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Research Memoranda Number 001
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005304969