Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 6 of 6 for “"Investment Cash Flow Sensitivity"”.
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Investment Cash Flow Sensitivity: International Evidence
… investigated the effect of financial factors on investment decisions of firms. More recently, researchers have extended conventional models of firm-investment by incorporating a role for financing constraints in determining the firm's investment decision. Empirical work points to overwhelming …
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Investment-Cash Flow Sensitivity Under Changing Information Asymmetry
Most studies of the investment-cash flow sensitivity hypothesis in the literature compare estimates of the sensitivity coefficients from cross sectional regressions across groups of firms classified into more or less financially constrained groups based on some measure of perceived financial …
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Three essays in corporate finance
… force behind the observed declining pattern of investment-cash flow sensitivity, which has puzzled empirical researchers for a decade. It investigates the variation of capital adjustment costs in explaining the investment-cash flow sensitivity and shows that the decreasing trend of the …
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The impact of capital market imperfections on capital and R&D Investment and financial decisions
… issues pertaining to the evolution of a firms’ investment – cash flow sensitivity (ICFS hereafter), the evolution of a firms’ research and development (R&D) ICFS and the determinants of a firms’ R&D investment over total investment1 (R&D/TINV) ratio. This thesis uses non-financial US and UK …
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The impact of the global financial crisis on the cash flow sensitivity of investment: some evidence from the Johannesburg Stock Exchange listed non-financial firms
The relationship between a firm’s investment behaviour, financial constraints and the level of internally generated cash flows has been a subject of extensive discussion in finance literature. The discussion revolves around the effectiveness of investment cash flow sensitivity (ICFS) as a measure …
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Corporate Social Responsibility in China: The Influence of Dynamic Capability and the Implications on Financial Performance and Investment
… on company financial performance (CFP) and investment in China. In doing so, we aim to answer two primary research questions: (1) how a company’s dynamic capabilities—its ability to respond to the changing environment—can influence the company at incorporating CSR into its operations; and …