Investment, financing constraints and profit expectations: new macro evidence

被引：6
|
作者：
de Bondt, Gabe [1 ]
Diron, Marie [2 ]
机构：
[1] European Cent Bank, Capital Markets & Financial Struct Div, D-60311 Frankfurt, Germany
[2] Brevan Howard Asset Management LLP, London SW1 6XA, England
来源：
APPLIED ECONOMICS LETTERS | 2008年 / 15卷 / 08期
关键词：
D O I：
10.1080/13504850600722088
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Regression results show that the external financing costs, the financing gap and profit expectations significantly matter for US and euro area aggregate (nonconstruction) investment. This finding supports the view that external and internal financing constraints hamper investment also at the macro level.
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页码：577 / 581
页数：5
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