Hirth, Stefan; Uhrig-Homburg, Marliese - Institut für Industrielle Informationstechnik <Karlsruhe> - 2010
and capital market frictions inducing financing costs. We showthat liquidity constraints are not sufficient to explain … voluntary investment delay. However, whenadditionally considering financing costs, we can explain both voluntary delay and …, investment thresholds are decreasing (i.e., accelerated investmenttakes place) in either dimension of financing constraint. In …