... that investment–cash flow sensitivity is decreasing even during the global financial crisis (GFC) and for firms more likely to be financially constrained. The authors conclude that the usefulness of investment–cash flow sensitivity as a proxy for financial constraints is diminishing over time, even after directly...

... that there is a significant relationship between business performance and working capital management efficiency. A third strand focuses on the link between financial crisis and cash holding (Kahle and Stulz, 2013 ; Jiang, 2017), working capital management during the global financial crisis (Tsurate, 2019) and impact...

... their profitability. Global financial crisis GCC Bank shareholder value Dynamic GMM estimation techniques Panel static techniques The role of banks and their contribution to the economic development of any country have attracted the interest of extensive academic research. Banks are the main...