Chichti, Jamel E.; Mansour, Walid - In: International Journal of Economic Policy in Emerging … 3 (2010) 1, pp. 71-84
Most of the papers in corporate finance use the investment-cash flow sensitivity as a key metric to gauge financing constraints. However, it has been documented in the theoretical and empirical literature that this metric is not necessarily symptomatic of financing constraints. In this paper, we...