This study aims to analyze how the company's internal funds and investment opportunities impact the company …’s investment decisions conditional to the financing constraints experienced. We classify companies into three categories based on … financing constraint have a higher investment-cash flow sensitivity than companies with a low financing constraint. We found …

impact of financing constraints on corporate investment? The short answer is no. The common practice of using pre … from previous studies the sensitivity of investment to cash flow is inverse basin-shaped. We provide an understanding of … this shape by studying investment and financial policies jointly, under different regimes of financing constraints. …

investment and cash balances have increased. In sum, the data provide little basis for the view that short-termism in the EU …