Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211723 
Authors: 
Year of Publication: 
1995
Series/Report no.: 
Bank of Finland Discussion Papers No. 10/1995
Publisher: 
Bank of Finland, Helsinki
Abstract: 
The purpose of this study was to examine whether evidence of the possible effects of firms' indebtedness on their investment decisions can be found in empirical aggregate investment equations. Three different types of equations for aggregate investment in Finland were estimated.The equations were estimated separately for manufacturing and nonmanufacturing investment.An indebtedness variable was used as an additional explanatory variable in every equation.The results support the view that nonmanufacturing firms' indebtedness has had a negative effect on their investment in Finland.In the manufacturing sector no such evidence was found.
Persistent Identifier of the first edition: 
ISBN: 
951-686-449-X
Document Type: 
Working Paper

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