标题:A Correlation Study between the Investment–cash flow Sensitivity and the Financial constraints
作者:BAI Ruifeng;GUO Jianqiang;
作者机构:[BAI Ruifeng;GUO Jianqiang]Shandong University (Weihai Campus)
会议名称:第四届(2012)金融风险与公司金融国际研讨会
来源:第四届(2012)金融风险与公司金融国际研讨会论文集
出版年:2012
关键词:Financing Constraints;Investment-Cash Flow Sensitivity;Investment;Theory of Investment
摘要:This paper gives the first domestic study on whether Investment-Cash Flow Sensitivity is a good proxy for financial constraints,which was started by FHP.The results of theoretical and empirical study show that Investment-Cash Flow Sensitivity is not a good proxy for financial constraints: all corpor...
资源类型:会议论文
原文链接:http://kns.cnki.net/kns/detail/detail.aspx?FileName=DLLD201207001006&DbName=IPFD2013
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