Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints
Top Cited Papers
- 1 May 2000
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 115 (2) , 707-712
- https://doi.org/10.1162/003355300554782
Abstract
Work by Kaplan and Zingales provides both theoretical arguments and empirical evidence that investment-cash flow sensitivities are not good indicatorKeywords
This publication has 1 reference indexed in Scilit:
- The Relationship between Firm Investment and Financial StatusThe Journal of Finance, 1999