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A balancing act : managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market

Guariglia, Alessandra; Yang, Junhong - In: The journal of corporate finance : contracting, … 36 (2016), pp. 111-130

Persistent link: https://www.econbiz.de/10011453306

Why Is the Cash-Flow Sensitivity of Cash Increasing?

Machokoto, Michael - 2019

The few studies that examine the cash-flow sensitivity of cash (CFSC) report mixed and conflicting results. However, we note a marked increase in the CFSC of US firms from 1971 to 2015 that is pervasive and robust to standard controls used in the literature. On average, this sensitivity has...

Persistent link: https://www.econbiz.de/10012867071

Decreasing investment-cash flow sensitivity : further UK evidence

Machokoto, Michael; Tanveer, Umair; Ishaq, Shamaila; … - In: Finance research letters 38 (2021), pp. 1-8

Persistent link: https://www.econbiz.de/10012485217

Is the cash flow sensitivity of cash asymmetric? : African evidence

Machokoto, Michael; Areneke, Geofry - In: Finance research letters 38 (2021), pp. 1-8

Persistent link: https://www.econbiz.de/10012485649

The real implications of mimicking peer firms' cash holdings

Kadzima, Marvelous; Machokoto, Michael; Chamisa, Edward - In: International journal of managerial finance : IJMF 20 (2024) 4, pp. 940-966

Persistent link: https://www.econbiz.de/10014583102

A semi-parametric analysis of the cash flow sensitivity of cash

Kadzima, Marvelous; Machokoto, Michael - In: Finance research letters 56 (2023), pp. 1-7

Persistent link: https://www.econbiz.de/10014473606