Financial frictions and the K/L ratio in UK manufacturing

被引：7

作者：

Spaliara, Marina-Eliza ^{[1
]}

机构：

[1] Univ Glasgow, Dept Econ, Glasgow G12 8RT, Lanark, Scotland

来源：

ECONOMICS LETTERS | 2011年 / 112卷 / 01期

关键词：

Financial frictions; Capital-labour ratio; Manufacturing industries; PANEL DATA; INVESTMENT; FIRMS;

D O I：

10.1016/j.econlet.2011.03.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate whether technological differences of UK manufacturing industries influence the response of firms' capital-labour (K/L) ratio to changes in financial indicators under financial frictions. The results reveal that technological factors along with internal funds significantly affect the K/L ratio for financially constrained firms. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：23 / 25

页数：3

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