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© 2003

Investment and Liquidity Constraints

Empirical Evidence for Germany

  • Authors
Book

Part of the Neue Betriebswirtschaftliche Forschung book series (NBF, volume 318)

Table of contents

  1. Front Matter
    Pages I-XIV
  2. Andreas Behr
    Pages 1-4
  3. Andreas Behr
    Pages 18-45
  4. Andreas Behr
    Pages 46-83
  5. Andreas Behr
    Pages 84-150
  6. Andreas Behr
    Pages 151-154
  7. Back Matter
    Pages 155-169

About this book

Introduction

During the last decade, exploring the link between financial factors and investment has become a major field of theoretical and empirical publications. Some empirical findings indicate that young, fast growing, low dividend paying firms are faced with more liquidity constraints than other firms and therefore show stronger reactions concerning investments to changes of their internal financial flow.

Andreas Behr explores the role of financial factors in a firm's investment decision. He applies the Q-theory of investment to a unique database of German firms (the Deutsche Bundesbank's Corporate Balance Sheet Statistics) covering balance sheet data of 2 314 firms. The empirical results show a strong and significant influence of the calculated Q.

Keywords

Dynamic Models Funds Investment Liquidität Panel Data Q-Theory VAR neue betriebswirtschafliche forschung (nbf)

About the authors

PD Dr. Andreas Behr lehrt am Institut für Ökonometrie und Wirtschaftsstatistik der Universität Münster.

Bibliographic information

  • Book Title Investment and Liquidity Constraints
  • Book Subtitle Empirical Evidence for Germany
  • Authors Andreas Behr
  • Series Title Neue Betriebswirtschaftliche Forschung
  • DOI https://doi.org/10.1007/978-3-322-82010-5
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2003
  • Publisher Name Deutscher Universitätsverlag
  • eBook Packages Springer Book Archive
  • Softcover ISBN 978-3-8244-9127-8
  • eBook ISBN 978-3-322-82010-5
  • Edition Number 1
  • Number of Pages XIV, 167
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Finance, general
  • Buy this book on publisher's site
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