Investment-cash flow sensitivities and capital misallocation

Investment-cash flow sensitivities and capital misallocation

This paper directly estimates the effect of financing constraint on capital misallocation. We provide a simple theoretical framework that links the heterogeneity in investment-cash flow sensitivity, a common indicator of financing constraint, to the dispersion of marginal revenue product of capital,...

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書目詳細資料
Main Authors:	Ek, Chanbora, Wu, Guiying Laura
其他作者:	School of Social Sciences
格式:	Article
語言:	English
出版:	2019
主題:	Investment-cash Flow Sensitivity DRNTU::Social sciences::Economic development Financial Frictions
在線閱讀:	https://hdl.handle.net/10356/106511 http://hdl.handle.net/10220/47942
標簽:	添加標簽沒有標簽, 成為第一個標記此記錄!
機構:	Nanyang Technological University
語言:	English

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