Credit Constraints and Investment-Cash Flow Sensitivity in Declining Economic Conditions: The Role of Reliance on Bank Debt
This paper examines the sensitivity of investment to cash flow in declining economic conditions, focusing on the impact of a firm’s reliance on bank debt. Using the context of Jordan, a developing Middle East and North Africa (MENA) country, the study utilizes the standard Q theory of investment aug...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-11-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/10/11/288 |