Dow, James (contributor); Gorton, Gary (contributor); … - 2003 - [Elektronische Ressource]
prices and investment. We show that the
business cycle variation in free cash flow helps to explain the cyclical behavior of … Economics is the evidence from
research on investment that firmswithmorecashonhandinvestmore.
1
This deviation
from the … subject to a
multiplicity of influences ” but that, at business cycle frequencies, there was “a clear tendency for liquidity …