Do Financing Constraints Explain Why Investment is Correlated with Cash Flow?
收藏NBER1995-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5267
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资源简介：
This paper investigates the sources of the correlation between corporate cash flow and investment by undertaking an in-depth analysis of the 49 low-dividend firms identified by Fazzari, Hubbard, and Petersen (1988) as having an unusually high investment-cash flow sensitivity. We find that in only 15
提供机构：
美国国家经济研究局
创建时间：
1995-09-01
