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Keywords: External finance
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Journal Articles
Investment-cash flow sensitivity and financial constraints: evidence from Pakistan
Available to Purchase
South Asian Journal of Global Business Research (2016) 5 (3): 403–423.
Published: 17 October 2016
... substitute for internal capital under imperfect capital market conditions. The decline in a firm’s value and growth is the result of lower investment. With the aim of justifying these adverse effects, Denis and Sibilkov (2010) argued further that firms with high costs of external finance (financially...
