LEE, KANG-KOOK; ISLAM, MD. RABIUL - In: Indian Economic Review 46 (2011) 1, pp. 41-67
This paper examines the sensitivity of investment to available cash-stock, a measure for internal funds, for 192 listed non-financial firms of Bangladesh from 1992 to 2002. The empirical results show that smaller firms have greater investment financing constraints than larger firms due to...