Determinants of corporate investment decisions on an imperfect capital market and financial constraints

• Main Authors: Chaicisuttangkun, S., Ornlatcha Sivarak, Sarayut Nathaphan
• Other Authors: Mahidol University. Mahidol University International College. Business Administration Division
• Format: Article
• Language: English
• Published: 2015
• Subjects: Corporate investment; Financial constraints; Capital market imperfectionm; Asymmetric information; Tobin Q
• Online Access: https://repository.li.mahidol.ac.th/handle/123456789/10951
• Institution: Mahidol University

This paper explores corporate investment strategy under capital market imperfection and financial constraints. Literature reviews of the corporate investment and capital market related theories are conducted aiming at investigating the methodologies used in benchmarking constrained and unconstrained...