Investment-cash flow sensitivity cannot be a good measure of financial constraints: Evidence from the time series

Journal of Financial Economics

Volumn 103, Issue 2, 2012, Pages 393-410

  Chen, Huafeng ^a   Chen, Shaojun ^b  

^a UNIVERSITY OF BRITISH COLUMBIA   (Canada)

^b Connor Clark and Lunn Investment Management ^*  (Canada)

Author keywords

Credit crunch; Financial constraints; Investment cash flow sensitivity; Measurement error

Indexed keywords

EID: 83955162864     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2011.08.009     Document Type: Article

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