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Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937

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NBER1993-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4288
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Recent theoretical approaches have linked shifts in firms' internal funds and investment spending, holding constant underlying investment opportunities. An important impediment to convincing tests of these models is the lack of firm-level data on the relative costs of internal and external funds. We
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美国国家经济研究局
创建时间:
1993-03-01
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