Show simple item record

2012-08-21Buch DOI: 10.18452/4423
Do Natural Resource Sectors Rely Less on External Finance than Manufacturing Sectors?
dc.contributor.authorHattendorff, Christian
dc.date.accessioned2017-06-16T00:43:03Z
dc.date.available2017-06-16T00:43:03Z
dc.date.created2012-11-16
dc.date.issued2012-08-21
dc.date.submitted2012-08-21
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5075
dc.description.abstractThe finding that industrial sectors differ in their dependence on external finance for sector-specific technological reasons and, thus, rely to a different degree on financial development has become a major concept in studies conducted on both growth and trade. Although natural resources might play an important role in each of these fields, research on industries' financial dependence has been limited so far to manufacturing. By focusing on the natural resource sectors, the present paper aims to close this gap in its analysis. It rejects the common view that the natural resource industry in particular is less dependent on the financial system, and finds that the results of the analysis depend on the specific measure being applied. Measures relating investment and cash ow indicate high external dependence, while measures accounting for more short-term liquidity needs demonstrate rather low external dependence of natural resource firms. These results do not change considerably over time or across countries.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectFinancial developmenteng
dc.subjectexternal dependenceeng
dc.subjectnatural resourceseng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleDo Natural Resource Sectors Rely Less on External Finance than Manufacturing Sectors?
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100205665
dc.identifier.doihttp://dx.doi.org/10.18452/4423
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages27
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2012
local.edoc.container-issue50
local.edoc.container-year2012
local.edoc.container-erstkatid2195055-6

Show simple item record