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Investment and financing constraints in China: does working capital management make a difference?
Guariglia, Alessandra; Ding, Sai; Knight, John - Department of Economics and Finance, Business School - 2010
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10009293618
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Investment and financing constraints in China: does working capital management make a difference?
Ding, Sai; Guariglia, Alessandra; Knight, John - Scottish Institute for Research in Economics (SIRE) - 2010
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10010553618
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Investment and financing constraints in China: does working capital management make a difference?
Ding, Sai; Guariglia, Alessandra; Knight, John - Leverhulme Centre for Research on Globalisation and …
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10010610372
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Investment and financing constraints in China: Does working capital management make a difference?
Ding, Sai; Guariglia, Alessandra; Knight, John - In: Journal of Banking & Finance 37 (2013) 5, pp. 1490-1507
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10010741766
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Investment, irreversibility, and financing constraints: Evidence from a panel of transition economies
Guariglia, Alessandra; Tsoukalas, John; Tsoukas, Serafeim - In: Economics Letters 117 (2012) 3, pp. 582-584
exhibit high and significant investment-cash flow sensitivities. Our findings provide a new explanation for why some …
Persistent link: https://www.econbiz.de/10010594188
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Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis
Guariglia, Alessandra; Mizen, Paul - Hong Kong Institute for Monetary Research (HKIMR), … - 2012
explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds …
Persistent link: https://www.econbiz.de/10010617723
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Investment and financing constraints in China: does working capital management make a difference?
Ding, Sai; Guariglia, Alessandra; Knight, John - Department of Economics, Adam Smith Business School - 2010
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10008784815