CASH FLOW, INVESTMENT, AND INVESTMENT OPPORTUNITIES: NEW TESTS USING UK PANEL DATA

The interpretation of the correlation between cash flow and investment is highly controversial. Some argue that it is caused by financial constraints, others by the correlation between cash flow and investment opportunities that are not properly measured by Tobin’s Q...

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Year of publication:	2003-12-01
Authors:	Robert E. Carpenter ; Guariglia, Alessandra
Institutions:	University of Maryland <College Park, Md.> / Department of Economics ; University <Nottingham> / Department of Economics
Published in:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 03/24
Subject:	Investition \| investition \| Cashflow \| Grenze \| frontier / border \| frontière

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Extent:	487424 bytes 37 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; E22 - Capital; Investment (including Inventories); Capacity ; Financial theory ; Capital budgeting, budgetary planning and budgetary control ; Terms and pricing policy ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868806