Credit constraints in Brazilian firms: evidence from panel data

Revista Brasileira de Economia

Maria Cristina T. Terra¹ 

关键词: credit constraints;    brazilian firms;    panel data;   

DOI  :  10.1590/S0034-71402003000200006

来源: SciELO

【 摘 要 】

This paper investigates whether Brazilian firms' investment decisions are affected by credit constraints, using balance sheet data from 1986 to 1997. Estimated results indicate that Brazilian firms are credit-constrained, and the only instance in which credit constraints seemed softer was among large and among multinational firms, during the period 1994-97.

【 授权许可】

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