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Keywords: Financial constraints
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Journal Articles
Journal:
China Finance Review International
China Finance Review International (2020) 10 (4): 429–445.
Published: 23 April 2020
... Cash savings Financial constraints We construct DAs in two steps. First, we estimate the residuals from the following regression similar to previous studies (e.g. Kaszink, 1999 ; Xie, 2001 ; Wu et al., 2010). The first view suggests that DAs can be regarded as an opportunistic...
