Investment-Cash Flow Sensitivity and Growth Opportunities
<pre>The objective of this research is to examine the investment-cash flow sensitivity on a sample of 150 US firms during the period 1995-2012. This sensitivity can be attributed either to the problem of managerial discretion (Jensen (1986) and Jensen and Meckling (1976)) or to the problem of...
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| Format: | Article |
| Language: | English |
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EconJournals
2018-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/6008 |