Financial Constraints, Debt Overhang And Corporate Investment: A Panel Smooth Transition Regression Approach
This paper provides new evidence on the impacts of financial constraints, growth opportunities and debt overhang on firm-level investments in 12 Asian countries, Australia and New Zealand over the period 1990–2010. Using Panel Smooth Transition Regression (PSTR) models that overcome the shortcomi...
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| Format: | Article |
| Language: | English |
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Asian Academy of Management (AAM)
2014
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| Online Access: | http://eprints.usm.my/40024/1/AAMJAF_10-2-4_%2855-80%29.pdf |