Skip to main content

Table 5 Expected & Estimation Results

From: Effect of financial constraints on the growth of family and nonfamily firms in Turkey

Variables

Expected sign

Estimation Results

Growthi,t-1

Levi,t

−/+

+, but insig.

K/Ai,t

+

-, but insig

Sizei,t

+

+

famfi,t*CFi,t/Ki,t-1

−/0

+, but insig.

Nonfamfi,t *CFi,t/Ki,t-1

+

+

  1. The evaluation is made according to the main GMM Model 4