Yang, Chau-Chen; Baker, H. Kent; Chou, Li-Chuan; Lu, Bo-Wei - In: Journal of Business Research 62 (2009) 10, pp. 1007-1012
We examine whether a firm's sensitivity of investments to cash flow changes when it switches from the NASDAQ to the NYSE over the period 1992-2002. Contrary views exist on the effect of listing switches on investment sensitivity to cash flow. Investment-cash flow sensitivity is a proxy for the...
