Financial Development and Investment-Cash Flow Sensitivity

Financial Development and Investment-Cash Flow Sensitivity

Using firm-level data from thirty-five countries around the world, this paper empirically examines whether investment-cash flow sensitivity reflects financial constraints. Recent US studies have raised questions on the prediction that investment-cash flow sensitivity is a measure of financial constr...

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Bibliographic Details
Main Author: Jungwon Suh
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2007-06-01
Series:East Asian Economic Review
Subjects:
Investment¡ⓒcash Flow Sensitivity
Financial Constraint
Financial Development
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.165

Internet

http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.165

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