This study examines the impact of financial development on corporate investment in terms of their influence on … financing constraints. This study also tries to find the effect of financial development on the investment-cash flow sensitivity … that cash flow affects the investment decision of the company positively, which implies that Indian firms are financially …

opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …

this reform strategy to determine whether investment sensitivity to cash flow has actually been reduced. We find that … financial development in Taiwan has resulted in improved access to external capital, which reduces firms' reliance on internally … generated funds for investment. However, the reduction of investment sensitivity to cash flow is due to indirect financial …

I employ a dynamic multi-equation model in which firms make interdependent financing and investment decisions under the …-tech firms are both small and indistinguishable from each other. Financing-cash flow sensitivities highly dominate investment …&D and the interaction between R&D and capital investment. Overall, results are consistent with the notion that young firms …