Financial frictions and the cash flow – external financing sensitivity: evidence from a panel of Pakistani firms

Financial frictions and the cash flow – external financing sensitivity: evidence from a panel of Pakistani firms

Abstract This paper uses a large panel of Pakistani non-financial firms over the period 2000–2013 to examine the role of financial constraints in establishing the relationship between cash flow and external financing. The results reveal that there exists a negative and significant relationship betwe...

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Bibliographic Details
Main Authors: Abdul Rashid, Noshaba Jabeen
Format: Article
Language:English
Published: SpringerOpen 2018-07-01
Series:Financial Innovation
Subjects:
External financing
Cash flows
Internally generated funds
Financial constraints
Investment
Credit multiplier
Online Access:http://link.springer.com/article/10.1186/s40854-018-0100-6

Internet

http://link.springer.com/article/10.1186/s40854-018-0100-6

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