An Analytic Framework For Interpreting Investment Regressions In The Presence Of Financial Constraints
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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
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美国国家经济研究局创建时间：
2020-03-01
