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Keywords: Capital expenditure
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Journal Articles
International Journal of Managerial Finance (2005) 1 (3): 140–163.
Published: 01 September 2005
... international company‐level data for capital expenditures over the period 1987‐1997 using fixed effects regression analysis. Findings The capital expenditures of firms that are financially constrained are much less sensitive to the availability of internal funds than unconstrained firms. The evidence...
