Journal Article

Investment under credit rationing and uncertainty: evidence from South Africa

D Fielding

in Journal of African Economies

Volume 9, issue 2, pages 189-212
Published in print July 2000 | ISSN: 0963-8024
Published online July 2000 | e-ISSN: 1464-3723 | DOI: http://dx.doi.org/10.1093/jae/9.2.189
Investment under credit rationing and uncertainty: evidence from South Africa

More Like This

Show all results sharing these subjects:

  • Development Studies
  • Economic Development
  • African Studies

GO

Show Summary Details

Preview

We construct an empirical model of corporate investment which allows for the various effects of uncertainty and credit market imperfections described in the theoretical literature. The model is estimated using cross-sectional data from the South African stock exchange. Evidence is found for some (but not all) of the predictions of the relevant theoretical models, and differences between firms in different sectors and of different sizes are noted.

Journal Article.  0 words. 

Subjects: Development Studies ; Economic Development ; African Studies

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.