DC FieldValueLanguage
dc.contributor.authorKallandranis, Christos-
dc.contributor.authorDrakos, Konstantinos-
dc.date.accessioned2024-03-04T21:44:27Z-
dc.date.available2024-03-04T21:44:27Z-
dc.date.issued2007-10-01-
dc.identifierscopus-35848952533-
dc.identifier.issn14664305-
dc.identifier.issn09603107-
dc.identifier.other35848952533-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/1364-
dc.description.abstractAn 'excess sensitivity' of investment to internal funds (cash flow) is typically interpreted as evidence for the presence of financing constraints. Building on this, we empirically investigate the possibility of an asymmetric response of investment to the availability of internal funds across expectation states. According to our results the impact of cash flow on investment spending is exacerbated during periods of 'pessimism'. Finally, allowing for both potential sources of asymmetries (across different states of expectations and the business cycle) our results indicate that both sources are significant, with the expectations-driven asymmetry being significantly deeper highlighting the paramount role of expectations.en_US
dc.language.isoenen_US
dc.publisherTaylor & Francisen_US
dc.relation.ispartofApplied Financial Economicsen_US
dc.titleInvestment and cash flow: evidence for asymmetries in European manufacturingen_US
dc.typeArticleen_US
dc.identifier.doi10.1080/09603100600843890en_US
dc.identifier.scopus2-s2.0-35848952533-
dcterms.accessRights0en_US
dc.relation.deptDepartment of Accounting and Financeen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume17en_US
dc.relation.issue14en_US
dc.identifier.spage1191en_US
dc.identifier.epage1200en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.subject.fieldSocial Sciencesen_US
dc.journalsSubscriptionen_US
dc.publicationPeer Revieweden_US
dc.countryGreeceen_US
item.cerifentitytypePublications-
item.languageiso639-1en-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.fulltextNo Fulltext-
item.grantfulltextnone-
crisitem.author.deptDepartment of Accounting and Finance-
crisitem.author.facultySchool of Administrative, Economics and Social Sciences-
crisitem.author.orcid0000-0003-2111-4448-
crisitem.author.parentorgSchool of Administrative, Economics and Social Sciences-
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