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| Author: | Audretsch, D. B. Elston, J. A. |
| Title: | Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany |
| Journal: | International Journal of Industrial Organization
2002 : JAN, VOL. 20:1, p. 1-17 |
| Index terms: | COMPANIES BY SIZE INVESTMENT LIQUIDITY GERMANY |
| Language: | eng |
| 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 firms has indeed succeeded in alleviating, to some degree, such liquidity constraints. |
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