considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …' size, our results corroborate the economic theory prediction and empirical international literature. Furthermore, the …

This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in …

The interpretation of the significant relation between business investment spending andDie Interpretation der …

In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms …. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the … magnitude of the cash flow sensitivity of the investment is lower for firms with credit rationing compared to firms that are …