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Table 2 Average values of the financing constraints index FC. By level of leverage, cash flow to assets ratio and self-reported financial constraints (AC). 2015–18

From: Do investments in human and physical capital respond differently to financing constraints?

  

Cash flow ratio > mean

Cash flow ratio \(\le\) mean

Financially

Leverage > mean

1.379

2.276

constrained (self-reported)

Leverage \(\le\) mean

0.182

1.202

Non financially

Leverage > mean

− 0.059

0.863

constrained (self-reported)

Leverage \(\le\) mean

− 0.964

− 0.177

  1. Weighted means using EIBIS value added weights