Do financing constraints hinder corporate fixed investment? Evidence from the Amman stock exchange

Do financing constraints hinder corporate fixed investment? Evidence from the Amman stock exchange

This research provides new evidence on financing constraints on corporate fixed investment by emphasizing the role of cash holdings as a precautionary source of funds. Applying GMM estimates to a sample of 106 Jordanian firms, the results suggest that firms follow trade-off theory in financing their...

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Bibliographic Details
Main Author: Mohammad A. Khataybeh
Format: Article
Language:English
Published: Taylor & Francis Group 2021-01-01
Series:Cogent Business & Management
Subjects:
cash holdings
financing constraints
fixed investment
Online Access:http://dx.doi.org/10.1080/23311975.2021.1910161

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