International corporate investment and the relationships between financial constraint measures

By Sean Cleary. 2006

256 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e8c6f158582647d6b9ff3a61c1b95577bcfb425e

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Citations in the corpus

Financial Constraints and Firm Export Behavior (2010, unknown): “Since then, other authors have reported evidence of a negative relation between investment-cash ﬂow sensitivity and ﬁnancial constraints (for instance Kadapakkam et al., 1998; Cleary, 2006).”
Institutional Investment Horizon and Investment-Cash Flow Sensitivity (2012, background): “3 This view was largely unchallenged until the late 1990s when several studies provided contradictory evidence (e.g., Kaplan and Zingales, 1997; Cleary, 1999, 2006), generating a significant and ongoing debate.”
Family ownership, financing constraints and investment decisions (2011, unknown): “Compared to the regression results of other recent investment–cash flow studies that use German subsamples (and the same methodology), the cash flow coefficient for the full sample is lower (0.201 in Cleary (2006) and 0.139 in Aggarwal and Zong (2006)).”
Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms. (2008, background): “…considering that a high internal cash flow can be seen as evidence of the firm’s managers’ commitment 1Exceptions are Kadapakkam et al. (1998) and Cleary (2006) who estimated investment equations for a number of developed countries, and found that the sensitivities of investment to cash flow…”
An empirical analysis of zero-leverage firms: New evidence from the UK ☆ (2013, background): “Firms with greater constraints typically make no dividend payouts in order to reduce the probability of having to visit external capital markets (Cleary, 2006).”
The impact of financial constraints on firm survival and growth (2007, background): “So, for instance, Fazzari et al. (1988) claim that dividends are a residual decision in firm strategy and, under the assumption that external finance is more costly than internal funds, paying high dividends in the presence of profitable investment opportunities is not consistent with profit maximiz”
Financial flexibility, corporate investment and performance: evidence from financial crises (2013, unknown): “Finally, drawing on recent findings showing strong inter-relations across several indicators of financial constraints and financial health (Cleary 2006; Carpenter and Guariglia 2008), our study also examines how traditional measures of financial constraints, such as dividend, firm size, firm age…”