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Financial frictions and the K/L ratio in UK manufacturing

By M.E. Spaliara

Abstract

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: oai:eprints.gla.ac.uk:49632
Provided by: Enlighten

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