In a sample of 485 Chinese public high-tech companies, we show that the R&D investment is significantly dependent on …

We investigate the effect of national culture on corporate investment-cash flow sensitivity. The extant literature on … corporate investment explains investment-cash flow sensitivity using agency and asymmetric information theories. In this paper … investment-cash flow sensitivity to be determined not only by objective assessment of the severity of agency and information …

This paper examines the investment-cash flow sensitivities (ICFS) controversy as a representative of financial … Generalized Method of Moments (GMM) technique is used for estimation. The result shows positively significant investment cash flow …

The investment literature has long acknowledged the time- and frequency-varying dynamics of the relationship between … investment, Tobin's Q and cash flow. In this paper, we use continuous wavelet tools to estimate and assess the relationship … complementary sources of information for investment, the former being more important for firms' investment decisions in the medium …

larger drop in demand for external finance and their cost of external finance, implying higher investment-cash flow …

shocks to their borrowing cost. It develops a dynamic model of corporate investment and financing decisions subject to real … size distribution and replicates the untargeted negative relationship between firm size and investment rates and cash … holdings. Cash holdings help firms sustain investment when access to debt becomes costly or restricted. However, a shock to …

This work makes a comparative analysis of the evaluation of an investment project, considering two approaches, one with … best for project evaluation to make the right investment decision. At present, both positions remain, as some authors … recommend that the best approach to evaluate investment projects is to use cash flows at current prices, while others prefer the …

Abstract We study the classical relationship between a firm’s investment and Tobin’s q for which unobserved … significant factor of investment even after controlling for the productivity and that investment becomes less sensitive to q and …

This paper provides a new explanation for investment-cash flow sensitivity from the perspective of CEO inside debt … holdings. We examine the effect of CEO pensions and deferred compensation (inside debt) on investment-cash flow sensitivity for … (CEO's debt/equity ratio scaled by the firm's debt/equity ratio) generate higher investment-cash flow sensitivity. Moreover …