Quantification of financial flexibility and its effects on investment and value in Latin American firms
This research introduced a newfangled and continuous calculation for unused debt capacity as a ratio (UDC), which allowed developing and assessing the financial slack ratio (FSR) as a new proxy of FF. FSR combined the cash holding and unused debt capacity as sources of FF because the firms can in...
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| Format: | Doctoral Thesis |
| Language: | English |
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Pontificia Universidad Católica del Perú
2020
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| Online Access: | http://hdl.handle.net/20.500.12404/16741 |