Inventory investment , global engagement , and financial constraints in the UK : evidence from micro data

@inproceedings{Mateut2005InventoryI,
  title={Inventory investment , global engagement , and financial constraints in the UK : evidence from micro data},
  author={Simona Mateut},
  year={2005}
}
  • Simona Mateut
  • Published 2005
We use a panel of 9381 UK firms to study the links between firms’ global engagement status and their financial health. We estimate inventory investment equations augmented with a financial composition variable, and interpret the sensitivity of inventory investment to the latter as a measure of the strength of the financial constraints faced by firms. We find that smaller, younger, and more risky firms; and firms that do not export and are not foreign owned exhibit higher sensitivities. Moreover… CONTINUE READING

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