Kooli, Salima Djedidi - In: International Journal of Business and Economic Sciences … 5 (2012) 3, pp. 81-114
considered as a measure of financing constraints and that (ii) the relationship between operational proximity and financing … constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational … proximity below a certain threshold and decreasing for high levels of it. The adverse effect of functional distance on financing …