considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …' size, our results corroborate the economic theory prediction and empirical international literature. Furthermore, the …

We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

, which we call Aggregate Return On Investment (AROI). It is a purely internal measure because, unlike the AIRR, it does not …

increase (decrease) a firm's cash and investment before (after) a lawsuit filing. When shareholder litigation risk is low …

A large discrepancy exists on the use of the investment–cash flow sensitivity as a measure of financing constraints of … shows a positive investment-cash flow sensitivity for business group affiliated firms and negative investment cash flow … sensitivity for non-group affiliated firms. Additional tests accordingly express that investment-cash flow sensitivity of …

this theory have not yet been directly tested. I investigate the relationship between derivative cash flows and investment …A crucial argument for motivating hedging is that it supports corporate investment when internal cash flows are … using hand-collected data from the oil and gas industry between 2000 and 2015. The data supports the theory. On average …

understanding of Belgian firms' investment behavior. Two main and interrelated topics are investigated: the link between financial … structure and investment decision, on the one hand, the effect of uncertainty on the level of investment, on the other hand … are more sensitive to interest rate and cash flow. However, no role for investment price volatility is observed. …