Purpose – To address the empirical aspect of corporate investment patterns by providing evidence in an international … much less sensitive to the availability of internal funds than unconstrained firms. The evidence is particularly strong …/value – The results extend empirical evidence to an international setting, providing support for previous US results that had …

Purpose – To address the empirical aspect of corporate investment patterns by providing evidence in an international … much less sensitive to the availability of internal funds than unconstrained firms. The evidence is particularly strong …/value – The results extend empirical evidence to an international setting, providing support for previous US results that had …