Mizen, Paul (contributor); Vermeulen, Philip (contributor) - 2005
The excess sensitivity of investment to cash flow has been demonstrated in numerous studies. Recent research has … in Bond et al. (2003) and Chatelain et al.
(2003) does make a comparison between cash �ow sensitivity of investment in a … inevitably lead
to a smaller panel of usable �rms, the results are likely to be more reliable as a comparison
of investment …