Land Value and Corporate Investment: Evidence from Japanese Panel Data
Land Value and Corporate Investment: Evidence from Japanese Panel Data
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土地价值与企业投资：来自日本面板数据的证据
DOI：
10.1006/jjie.1998.0405
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发表时间：
1998
影响因子：
2.9
通讯作者：
Kazuyuki Suzuki
中科院分区：
文献类型：
--
作者：
K. Ogawa;Kazuyuki Suzuki
本文以日本企业的面板数据为基础，探讨了土地资产的附带作用。本文利用GMM估计了企业面临借款约束时投资决策规则的欧拉方程。
Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.