We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …

information arises from growth opportunities rather than from assets-in-place. We show that firm investment style (measured by R …&D/[Capex R&D]) is persistent and positively aligned with growth type. The sensitivity of investment to cash flow has a monotonic … conditions increases with investment style, reflecting a growth-type-aligned pecking order in financing. These findings …

This study examined the impact of cash flow, capital account liberalization (CAL) on investment growth of firms from … revealed that CAL is positively but insignificantly related to investment growth, and investment growth appeared to be … determined that CAL appeared to be sensitive to investment growth for both firm types through the indirect route, precisely the …