Investment and internal funds of distressed firms

By Sanjai Bhagat, N. Moyen, Inchul Suh. 2005

163 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Estimating financial distress likelihood (2008, background): “In fact, studies by Dichev (1998), Grice and Dugan (2001), Grice and Ingram (2001), and Bhagat et al.”
Working capital management, corporate performance, and financial constraints (2014, background): “According to Bhagat et al., (2005), companies with fewer tangible assets face greater information asymmetry when communicating their value to outside investors and, hence, they are more likely to face a higher degree of financial constraints.”
Financial flexibility, corporate investment and performance: evidence from financial crises (2013, unknown): “As Allayannis and Mozumdar (2004) and Bhagat et al. (2005) also suggest, negative cash flow observations may bias the results of an investment model.”
Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments (2009, unknown): “The bottom line is that the overall ICF sensitivity has declined noticeably in recent decades and improvements in equity markets were likely a significant contributing factor.”