Ding, Sai; Guariglia, Alessandra; Knight, John - Department of Economics, Adam Smith Business School - 2010
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … investment rates. This suggests that good working capital management may help firms to alleviate the effects of financing …