DC FieldValueLanguage
dc.contributor.authorKallandranis, Christos-
dc.contributor.authorDrakos, Konstantinos-
dc.date.accessioned2024-03-04T21:52:02Z-
dc.date.available2024-03-04T21:52:02Z-
dc.date.issued2005-01-01-
dc.identifierscopus-79952691635-
dc.identifier.issn18129358-
dc.identifier.issn18104967-
dc.identifier.other79952691635-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/1366-
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 business fixed investment to the availability of internal funds related to firm specific characteristics. According to our results the magnitude of this excess sensitivity differs in compliance with firm s age size, leverage and dividend paying respectively. In particular, our empirical findings confirm the imperfection of the Greek capital market and highlight the differential impact of financing constraints across young and highly levered firms. Size and dividend payout behaviour do not appear to be useful proxies for the degree of asymmetric information and consequently cannot be used in order to assess financing constraints.en_US
dc.language.isoenen_US
dc.relation.ispartofInvestment Management and Financial Innovationsen_US
dc.subjectCash flowen_US
dc.subjectInvestmenten_US
dc.subjectPanel dataen_US
dc.titleFirm-specific attributes of financing constraints: the case of Greek listed firmsen_US
dc.typeArticleen_US
dc.identifier.scopus2-s2.0-79952691635-
dcterms.accessRights0en_US
dc.relation.deptDepartment of Accounting and Financeen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume2en_US
dc.relation.issue2en_US
dc.identifier.spage98en_US
dc.identifier.epage110en_US
dc.linkhttps://www.businessperspectives.org/index.php/journals?controller=pdfview&task=download&item_id=1225en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.subject.fieldSocial Sciencesen_US
dc.journalsOpen Accessen_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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