Lou, Zhaohui; Shen, Jim Huangnan; Lee, Chien-Chiang; … - 2023
This research expands the cash-cash flow sensitivity model and examines the effect and mechanism of SCF on alleviating the financial constraints of 740 firms listed in the SME Boards and Growth Enterprise Market (GEM) of Shanghai and Shenzhen Stock Exchanges from 2010 to 2017. The results show...