An Analytic Framework For Interpreting Investment Regressions In The Presence Of Financial Constraints
收藏NBER2020-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26898
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资源简介：
A financial constraint that prevents access to external funds induces non-classical measurement error in average q as a proxy for unobservable marginal q. Unlike classical measurement error, this measurement error biases upward the coefficient on average q in a univariate regression of investment on
提供机构：
美国国家经济研究局
创建时间：
2020-03-01
