Baum, Christopher F.; Caglayan, Mustafa; Talavera, Oleksandr - 2009
Corporate Liquidity Management and
Future Investment Expenditures
Christopher F Bauma,b,1, Mustafa Caglayanc, Oleksandr … liquidity management, there
seems to be no consensus on how to capture those e ects. Some researchers use current
investment …-period-ahead additional xed capital and R&D investment expenditures on rms’
liquidity management behavior. We invoke the hypothesis of …