Do adjustment costs explain investment-cash flow insensitivity?

DOI10.1016/S0165-1889(02)00113-6zbMATH Open1178.91086MaRDI QIDQ951406FDOQ951406

Authors: Sangeeta Pratap 

Publication date: 24 October 2008

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

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

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)

Cites Work

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

Cited In (1)

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

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