Title
Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany
Abbreviated Journal Title
Int. J. Ind. Organ.
Keywords
Germany; liquidity constraints; size effects; IMPERFECT INFORMATION; Economics
Abstract
This paper examines the link between liquidity constraints and investment behavior for German firms of different sizes from 1970 to 1986. Results indicate that medium sized firms appear to be more liquidity constrained in their investment behavior than either the smallest or largest firms in the study, suggesting that the unique German infrastructure designed to assist the small firm has indeed succeeded in alleviating, to some degree,, such liquidity constraints. Findings also support the hypothesis that the emerging competition and internationalism which characterized the German financial markets in the 1980s, have been improving access to capital for some groups of firms. (C) 2002 Elsevier Science B.V. All rights reserved.
Journal Title
International Journal of Industrial Organization
Volume
20
Issue/Number
1
Publication Date
1-1-2002
Document Type
Article
Language
English
First Page
1
Last Page
17
WOS Identifier
ISSN
0167-7187
Recommended Citation
"Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany" (2002). Faculty Bibliography 2000s. 3053.
https://stars.library.ucf.edu/facultybib2000/3053
Comments
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