| Authors: | Kallandranis, Christos Drakos, Konstantinos Goulas, Eleftherios |
| Publisher: | Taylor & Francis |
| Issue Date: | 1-Jan-2007 |
| Journal: | Applied Financial Economics Letters |
| Volume: | 3 |
| Issue: | 1 |
| Abstract: | Informationally driven capital market imperfections may lead to a systematic relation between expenditure on used capital and the severity of liquidity constraints. We project used capital outlays on internal finance across sectors of different sizes documenting that the sensitivity of used capital investment to cash flow is higher for financially constrained sectors. |
| ISSN: | 17446554 17446546 |
| DOI: | 10.1080/17446540600706825 |
| URL: | https://www.tandfonline.com/doi/abs/10.1080/17446540600706825 |
| URI: | https://uniwacris.uniwa.gr/handle/3000/1359 |
| Type: | Article |
| Department: | Department of Accounting and Finance |
| School: | School of Administrative, Economics and Social Sciences |
| Affiliation: | University of West Attica (UNIWA) |
| Appears in Collections: | Articles / Άρθρα |
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