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This paper analyzes the investment timing of firms facing two dimensions of financingconstraints: Liquidity constraints and capital market frictions inducing financing costs. We showthat liquidity constraints are not sufficient to explain voluntary investment delay. However, whenadditionally...
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We show that measures of inequality of opportunity (IOP) fully consistent with Roemer (1998)’s IOP theory can be …
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We show that measures of inequality of opportunity (IOP) fully consistent with Roemer (1998)'s IOP theory can be …
Persistent link: https://www.econbiz.de/10012195616