INVESTMENT AND CASH FLOW: EMPIRICAL STUDY USING PANEL DATA FROM US MANUFACTURING INDUSTRY
This study aims to illustrate the investment-cash flow sensitivity of constrained and unconstrained firms. Using data from 2,233 US manufacturing firms over 1999 to 2008, several findings present. Firstly, cash flow is found to significantly affect firm’s investment behaviour. Secondly, when firms a...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2009
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| Online Access: | https://eprints.nottingham.ac.uk/22983/ |