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Examining the impact of debt on investment for Austrian non‑financial sectors and firms

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/examining-the-impact-of-debt-on-investment-for-austrian-non-financial-sectors-and-firms_f9b69c90-en.html
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Using a micro-level model of investment, this paper finds that firm-debt and investment are negatively associated across firms in Austrian manufacturing industries. The finding is robust to various changes to the model specification. Moreover, in an extension of the basic model, different components of debt are examined, pointing out that debt...
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