search query: @indexterm INVENTORIES / total: 321
reference: 43 / 321
| Author: | Guarigilla, A. |
| Title: | The effects of financial constraints on inventory investment: evidence from a panel of UK firms |
| Journal: | Economica
1999 : FEB, VOL. 66:261, p. 43-62 |
| Index terms: | Inventories Investment Companies United Kingdom Europe |
| Language: | eng |
| Abstract: | The objective of this paper is to analyze the linkage between internal finance and inventory investment, using a large panel of UK manufacturing firms from 1968 to 1991. Firms are classified into two groups: those more and those less likely to face financial constraints. The estimates of several equations for inventory growth augmented with the coverage ration indicate a significant effect of the latter on inventory investment for the former group, during periods of recession and tight monetary policy. |
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