Investment-Cash Flow Sensitivities, credit rationing and financing constraints

Becchetti LeonardoCastelli AnnalisaHasan Iftekhar
CEIS Working Papers
The controversy on whether the investment-cash flow sensitivity is a good indicator of financing constraints is still unsolved. We tackle it from many different angles cross-validating our analysis with both balance sheet and qualitative data on self de
Number: 222
Date: Tuesday, November 1, 2005
Revision Date: Tuesday, November 1, 2005