Skip to main content
Article thumbnail
Location of Repository

Financial frictions and the K/L ratio in UK manufacturing

By M.E. Spaliara


We investigate whether technological differences of UK manufacturing industries influence the response of firms’ capital–labour (K/L) ratio to changes in financial indicators under financial frictions. The results reveal that technological factors along with internal funds significantly affect the K/L ratio for financially constrained firms

Topics: HG
Publisher: Elsevier BV
Year: 2011
OAI identifier:
Provided by: Enlighten

Suggested articles


  1. (2006). Access to external Theory and evidence on the impact of characteristics, doi
  2. (2005). Corporate investment and cash ow sensitivity. What drives the relationship?, Working Paper
  3. (2009). Do factors aect the capital-labour ratio? Evidence from UK data, doi
  4. (1999). How does pressure aect doi
  5. (2008). Internal constraints, external constraints, and investment choice: Evidence from a panel of UK doi
  6. (1992). Investment and Tobin's q: Evidence from company panel data, doi
  7. (2006). Microeconometric models of investment and employment, doi
  8. (2003). Multinational companies, technology spillovers and plant survival, doi
  9. (1997). Revision of the high-technology sector and product classi doi
  10. (1991). Some tests of speci for panel data: Monte carlo evidence and an application to employment equations, doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.