Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data

Bond, Stephen; Ann Elston, Julie; Mairesse, Jacques; Mulkay, Benoît

doi:10.1162/003465303762687776

Public

Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data

Shared by NobleBlocks on Feb 1, 2003 • 12:00 AM UTC

Authors:

Stephen Bond

Julie Ann Elston

Jacques Mairesse

Abstract

We construct company panel data sets for manufacturing firms in Belgium, France, Germany, and the United Kingdom, covering the period 1978–1989. These data sets are used to estimate empirical investment equations, and to investigate the role played by financial factors in each country. A robust find...

Subject

Panel data

Investment (military)

Cash flow

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