Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments

Journal of Banking and Finance

Volumn 33, Issue 5, 2009, Pages 971-984

  Brown, James R ^a   Petersen, Bruce C ^b  

^a MONTANA STATE UNIVERSITY   (United States)

^b WASHINGTON UNIVERSITY   (United States)

Author keywords

Cash flow; Financing constraints; Physical investment; R D; Stock issues

Indexed keywords

EID: 60749120552     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2008.10.009     Document Type: Article

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