Dutch inventory investment: are capital market imperfections relevant?

被引：1

作者：

Bo, H ^{[1
]}

Kuper, G ^{[1
]}

Lensink, R ^{[1
]}

Sterken, E ^{[1
]}

机构：

[1] Univ Groningen, Dept Econ, NL-9700 AV Groningen, Netherlands

来源：

APPLIED ECONOMICS | 2002年 / 34卷 / 01期

关键词：

D O I：

10.1080/00036840010025128

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses inventory investment using a balanced panel of 82 Dutch firms. We start from the Lovell (1961) inventory model and amend it with cash flow to introduce capital market imperfections. The empirical evidence provides support for the relevance of capital market imperfections in explaining Dutch inventory investment. The results suggest that cash flow is a relevant variable omitted from the original Lovell model. The study provides a better understanding of inventory behaviour in general.

引用

页码：15 / 22

页数：8

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