Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments

2008/10/27 by James Robert Brown, James R. Brown, Bruce C. Petersen · 1 citation
Business, Management and Accounting · Economics, Econometrics and Finance · #Capital Investment and Risk Analysis #Corporate Finance and Governance #Private Equity and Venture Capital

paper · doi:10.1016/j.jbankfin.2008.10.009

openalex publication_date 2008/10/27 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/30

Citations

• Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations
• Large Sample Properties of Generalized Method of Moments Estimators
• Cash flow, investment, and investment opportunities: New tests using UK panel data
• The Stock Market and Investment: Is the Market a Sideshow?
• Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
• Biases in Dynamic Models with Fixed Effects
• Financing Constraints and Corporate Investment
• Corporate financing and investment decisions when firms have information that investors do not have

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