Authors: | Kallandranis, Christos Drakos, Konstantinos |
Publisher: | Taylor & Francis |
Issue Date: | 1-Oct-2007 |
Journal: | Applied Financial Economics |
Volume: | 17 |
Issue: | 14 |
Abstract: | An '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... |
ISSN: | 14664305 09603107 |
DOI: | 10.1080/09603100600843890 |
URI: | https://uniwacris.uniwa.gr/handle/3000/1364 |
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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