Financial Constraints and Investment-Cash Flow Sensitivity
Author:
- Zhangkai HuangZHZhangkai Huang
Preprint
- 1 January 2002
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Using a large sample of US listed companies, we show that the relation between financial constraints and investment-cash flow sensitivity is non-linear. The difKeywords
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