• Investment and Financial Constraints. An Empirical Analysis of Norwegian Firms 

      Johansen, Frode (Discussion papers;109, Working paper, 1994-02)
      This paper investigates the relationship between a firm's investment decision and its financial situation. We present a model of investment, where the cost of external finance is increasing in the debt ratio. The model is ...
    • The investment and financing decisions of closely held firms when there is a tax on the equity premium 

      Fjærli, Erik; Raknerud, Arvid (Discussion Papers;594, Working paper, 2009)
      This paper analyzes a tax system where personal share income in excess of the risk-free return on equity (the equity premium) is taxed. The rate of return allowance (RRA) in the Norwegian shareholder income tax system is, ...
    • The financing structure of non-listed firms 

      Hol, Suzan; Wijst, Nico van der (Discussion Papers;No. 468, Working paper, 2006)
      Abstract: This paper presents an analysis of how Norwegian non-listed firms are financed. Using a unique database covering all limited liability firms in Norway, both the size (leverage) and composition (maturity ...
    • The influence of the business cycle on bankruptcy probability 

      Hol, Suzan (Discussion Papers;No. 466, Working paper, 2006)
      Abstract: I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the ...