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A reasonable future for Europe can only be achieved if two essential elements are fulfilled: Firstly, newly established …
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areas, and this paper shows that workers in rural areas in Europe are more likely to be self-employed, despite more …
Persistent link: https://www.econbiz.de/10012821909
We investigate financing constraints in a large cross-country data set covering most of the European economy. Firm level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are significantly positive on average, controlling for country...
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