Market Implied Ratings and Financing Constraints: Evidence from US Firms
نویسندگان
چکیده
منابع مشابه
Investment - Cash Flow Sensitivity and Financing Constraints: New Evidence from Indian Business Group Firms
A controversy exists on the use of the investment – cash flow sensitivity as a measure of financing constraints of firms. We re-examine this controversy by analyzing firms affiliated to Indian business groups. We find a strong investment – cash flow sensitivity for both group-affiliated and independent firms, but no significant difference in the sensitivity between them. Additional tests consis...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2050983