Lin, Chen-miao (contributor); Smith, Stephen D. (contributor) - 2005
ATLANTA WORKING PAPER SERIES
Hedging, Financing, and Investment Decisions:
A Simultaneous Equations Framework
Chen … tests to examine hedging, financing, and investment
decisions. We conduct fixed-effects models and simultaneous equations … simultaneous equations framework. The results indicate a
positive relation between capital expenditure and d1 × P/E but a …