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• W2471380411 abstract "Theoretical literature suggests that firms’ financial structure affects their real decisions because of capital markets imperfections. Several empirical studies have been conducted to test this hypothesis. This survey illustrates the main results of this literature focusing on the effects of capital markets imperfections on firms’ real decisions: fixed capital investments, R&D investments, inventory investments, labour demand and profit margins determination. Unlike previous surveys on this topic, this paper includes empirical evidence on Italian firms and discusses recent contributions supporting the “managerial discretion theory” as an alternative explanation of the positive relationship between investments and financial variabiles." @default.
• W2471380411 created "2016-07-22" @default.
• W2471380411 creator A5047690323 @default.
• W2471380411 date "1996-01-01" @default.
• W2471380411 modified "2023-09-23" @default.
• W2471380411 title "LA RELAZIONE TRA STRUTTURA FINANZIARIA E DECISIONI REALI DELLE IMPRESE: UNA RASSEGNA CRITICA DELL'EVIDENZA EMPIRICA (FIRMS' FINANCIAL STRUCTURE AND REAL DECISIONS: A CRITICAL SURVEY OF THE EMPIRICAL LITERATURE)" @default.
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• W2471380411 hasPublicationYear "1996" @default.
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