Financing Constraints and Corporate Investment: Response to Kaplan and Zingales
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Kaplan and Zingales (1995, hereafter KZ) criticize Fazzari, Hubbard and Petersen (1988, hereafter FHP) and much ensuing research that uses cross-sectional differences in firm behavior to test for financing constraints on investment. This reply identifies flaws in the KZ analysis. The questions KZ
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美国国家经济研究局创建时间：
1996-01-01
