Article ID Journal Published Year Pages File Type
5069678 Finance Research Letters 2014 10 Pages PDF
Abstract
We extend Triole (2006) to link together two seemingly different cases - firms facing potential free cash flow problems versus firms facing financial constraints. The model predicts a large number of disparate findings in the empirical literature and so demonstrates its usefulness.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The influence of moral hazard on investment in financially constrained and unconstrained firms
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