New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index
Tóm tắt
Từ khóa
Tài liệu tham khảo
Almeida, H., M. Campello, and M. S. Weisbach. Forthcoming. Corporate Financial and Investment Policies When Future Financing Is Not Frictionless. Journal of Corporate Finance.
Cohn J. Investment, Cash Flow, and Financial Market Conditions: Evidence from Tax Loss Carryforwards. Working Paper: University of Texas; 2008.
Fazzari, 1988, Financing Constraints and Investment, Brookings Papers on Economic Activity, 1, 141, 10.2307/2534426
Kaplan, 1997, Do Investment–Cash Flow Sensitivities Provide Useful Measures of Financial Constraints?, Quarterly Journal of Economics, 112, 159, 10.1162/003355397555163