Working Paper
Financial Structure and the Adjustment of Capital Stock
An analysis of the corporate investment decision when financial structure has real effects, utilizing data for the U.S. manufacturing sector from 1954 to 1980.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
Suggested Citation
Osterberg, William P. 1988. “Financial Structure and the Adjustment of Capital Stock.” Federal Reserve Bank of Cleveland, Working Paper No. 88-08.
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