MULIER, KLAAS; SCHOORS, KOEN; MERLEVEDE, BRUNO - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2014
We contribute to the investment-cash ow sensitivity debate by creating a new index to identify the supply of finance to firms. We find that firms that are considered constrained according to our index pay a higher interest rate on their debt, and display the highest investment-cash fl ow...