The Study on Relationship between Financing Constraints and Investment-Cash Flow Sensitivity in Chinese Listed Companies
2011 ◽
Vol 268-270
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pp. 1844-1849
Keyword(s):
This paper uses the financial data of all Chinese listed companies to construct two indexes that reflect the degree of external financing constraints faced by firms, using logistic regression model and multiple discriminate analyses respectively. Second, the author examines the relationship between financing constraints and the investment-cash flow sensitivity using OLS regressions. This paper provides evidence that the relationship between financing constraints and investment-cash flow sensitivity is monotonic, which is consistent with the findings of FHP(1988).
2011 ◽
Vol 225-226
◽
pp. 1208-1211
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Keyword(s):
2011 ◽
Vol 403-408
◽
pp. 394-399
Keyword(s):
2015 ◽
Vol 14
(4)
◽
pp. 655
2015 ◽
Vol 3
(7)
◽
pp. 70-77
Keyword(s):
2011 ◽
Vol 21
(2)
◽
pp. 69-88
◽
Keyword(s):