Financing Constraints and Corporate Investment
Abstract
Steven M. Fazzari, R. Glenn Hubbard, Bruce C. Petersen, Alan S. Blinder, James M. Poterba, Financing Constraints and Corporate Investment, Brookings Papers on Economic Activity, Vol. 1988, No. 1 (1988), pp. 141-206
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Firms with financing constraints are those whose investment is highly sensitive to the availability of internal financing.
“We measure financing constraints following the approach proposed by Fazzari et al. (1988), who argue that firms with financing constraints are those whose investment is highly sensitive to the availability of internal financing.”
From Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China (2022) · cites this paper as Fazzari et al. (1988)
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References 4 · Cited by 5,574
- Authors
- Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M.
- Venue
- Brookings Papers on Economic Activity
- Publisher
- JSTOR
- Published
- 1988
- Volume
- 1988
- Issue
- 1
- Pages
- 141
- ISSN
- 0007-2303 (ISSN-L)
- OpenAlex
- W2149088624
- Cited by
- 5,574
- References
- 4
- Citations by year
- 2026: 238 · 2025: 255 · 2024: 213 · 2023: 225 · 2022: 246 · 2021: 250 · 2020: 244 · 2019: 248 · 2018: 256 · 2017: 244 · 2016: 230 · 2015: 221 · 2014: 236 · 2013: 257 · 2012: 225
- FWCI
- 79.65
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Brookings Papers on Economic Activity (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Accounting › Financial Analysis and Corporate Governance
- Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
- Keywords
- financial constraints, corporate investment, capital financing, corporate leverage
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