Behr, Andreas; Bellhardt, Egon - In: Journal of Economics and Statistics (Jahrbuecher fuer … 220 (2000) 3, pp. 257-283
Several empirical papers find that firms a priori classified as liquidity constrained exhibit greater sensitivity of investment to cash flow than those classified as unconstrained. In this paper we analyse the robustness of these findings in different ways. We use three different methods...