Financial constraints, information asymmetry and Tunisian firm investment

Rejeb Aya Annabi, Mouldi Djelassi and Abdelaziz Hakimi

The aim of this paper is to empirically analyze the effect of financial constraint, information asymetry on the firm investment. On the basis of a data relating to 394 Tunisian firms observed over the period 2001-2008 and by adopting the panel data method, our findings show that the effect of financial constraints varies according to the number of bank-firm relations, the funding mechanisms and the investment type. -- financial constraints ; cash flows ; investment ; information asymmetry ; Tunisian firms ; panel data analysis

MoreLess

Year of publication:	2012
Authors:	Annabi, Rejeb Aya ; Djelassi, Mouldi ; Hakimi, Abdelaziz
Published in:	Journal of applied finance & banking. - Christchurch, New Zealand : Scientific Press International Limited, ISSN 1792-6599, ZDB-ID 2614242-9. - Vol. 2.2012, 4, p. 103-116
Subject:	Asymmetrische Information \| Asymmetric information \| Tunesien \| Tunisia \| Liquiditätsbeschränkung \| Liquidity constraint \| Investitionsentscheidung \| Investment decision \| Investition \| Investment

freely available

Full text |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Classification:	D9 - Intertemporal Choice and Growth ; G3 - Corporate Finance and Governance ; M2 - Business Economics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009673086