Investment-Cash Flow Sensitivity under Financial Constraints Case of Tunisia

Fadoua Marouene; Ezzeddine Abaoub

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Investment-Cash Flow Sensitivity under Financial Constraints Case of Tunisia

机译：突尼斯金融约束下的投资现金流敏感性

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Is investment cash flow sensitivity an adequate measure of a firm’s financial constraints? The answer to this question is an unresolved puzzle. This paper theoretically and empirically examines investment cash flow sensitivity and its ability to measure a firm's financial constraints. The empirical study focuses on an unbalanced panel of 88 Tunisian firms observed over the 1997 to 2007 period.

机译：投资现金流量敏感性是否足以衡量公司的财务约束？这个问题的答案是一个未解之谜。本文从理论和经验上考察了投资现金流的敏感性及其衡量公司财务约束的能力。实证研究的重点是在1997年至2007年期间观察到的88家突尼斯公司的不平衡面板。

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《International Journal of Business and Management》 |2013年第9期|共页
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Fadoua Marouene; Ezzeddine Abaoub;
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中图分类经济计划与管理;
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7. Investment-Cash Flow Sensitivity under Financial Constraints Case of Tunisia [O] . Fadoua Marouene, Ezzeddine Abaoub 2013

机译：突尼斯金融约束下的投资现金流敏感性

Investment-Cash Flow Sensitivity under Financial Constraints Case of Tunisia

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