Credit constraints in Brazilian firms: evidence from panel data
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.
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| Format: | Digital revista |
| Language: | English |
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Fundação Getúlio Vargas
2003
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| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402003000200006 |
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