This paper examines the link between liquidity constraints and investment behaviour on the one hand, and firm size on … have investment functions which are more sensitive to liquidity constraints than do the larger enterprises. These results …

external financing costs and liquidity constraints. Findings support the hypothesis of greater investment sensitivity to … firm investment. This hypothesis is tested by estimating investment equations for two groups of German manufacturing firms … liquidity constraints, as well as increased investment sensitivity over time, for the group of independent firms. …

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across … recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within …-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively …