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investment of industrial micro, small, and medium–sized enterprises in comparison to large companies in Poland in the years 2006 …–2014. The results revealed that there is a significant relationship between the level of investment in micro–, small–, and …
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We contribute to the financial constraints literature and the investment-cash flow sensitivity debate by defining a new …-level employment growth as a control for investment opportunities, we find that constrained firms display the highest investment …
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