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RDP 9402: The Influence of Financial Factors on Corporate Investment
Equation (1)
I
i
t
K
i
t
−
1
=
α
+
β
1
q
i
t
−
1
+
β
2
(
C
i
t
K
i
t
−
1
)
+
β
3
(
L
i
t
−
1
K
i
t
−
2
)
+
β
4
(
D
i
t
−
1
K
i
t
−
2
)
+
β
5
(
S
i
t
K
i
t
−
1
)
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