Do adjustment costs explain investment-cash flow insensitivity?

DOI10.1016/S0165-1889(02)00113-6MaRDI QIDQ951406zbMATH OpenFDO

Authors Sangeeta Pratap

Publication date 24 October 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

zbMATH Keywords

liquidity constraintsadjustment costsTobin's \(q\)

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Production theory, theory of the firm (91B38) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints
• Asset returns and business cycles in models with investment adjustment costs
• Time to build capital: revisiting investment-cash-flow sensitivities
• Financing constraints and firm inventory investment: a reexamination
• How \(\mathcal Q\) and cash flow affect investment without frictions: an analytic explanation

Cites work

• Irreversibility and Aggregate Investment
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

Cited in

(1)

• How \(\mathcal Q\) and cash flow affect investment without frictions: an analytic explanation

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