Aoun, Dany; Hwang, Junseok - In: Information Economics and Policy 20 (2008) 2, pp. 120-134
This paper examines one of the fastest growing industries in our world today, the ICT industry. We assess the sensitivity of a firm's investment to a set of financial determinants, by developing a flexible adjustment dynamic model. In particular, we examine the degree to which a firm's liquidity...