Cash Flow and Investment: Evidence from Internal Capital Markets
收藏NBER1996-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5499
下载链接
链接失效反馈官方服务：
资源简介：
Using data from the 1986 oil price decrease, I examine the capital expenditures of non-oil subsidiaries of oil companies. I test the joint hypothesis that 1) a decrease in cash/collateral decreases investment, holding fixed the profitability of investment, and 2) the finance costs of different parts
提供机构：
美国国家经济研究局
创建时间：
1996-03-01
