Earlier studies have reaffirmed the pivotal role played by the private sectors in China's
development, so the growth of private enterprises deserves more attention. This paper …

Corruption and financial constraints are considered as crucial factors that can hinder firm
performance in developing economies. The effects of these obstacles are discussed …

This article provides an empirical answer to the question of how the unique incentives of
founding families influence investment decisions. Contrary to theoretical considerations, the …

This article analyses whether leverage affects firm value and does so using a panel of 196
Taiwanese listed companies during the 13-year (1993–2005) period. We employ an …

In spite of rising interest, there is little prior research on the degree to which national
differences in access to finance are determined by national culture. Using World Economic …

This study examines relationship between corporate investment decision and firm
performance with the moderating role of cash flows. The sample of this study is consisting of …

This study aims to test if employee diff and free cash flow can lead the desire of managers to
manipulate the earnings in two different conditions: intensive monitoring and less intensive …

Purpose The purpose of this study is to examine the impact of financial and technical
education of chief executive officer (CEO) on investment–cash flow sensitivity (ICFS) of …

Impact of financial distress on investment-cash flow sensitivity: evidence from emerging
economy | Emerald Insight Books and journals Case studies Expert Briefings Open Access …

A controversy exists on the use of the investment–cash flow sensitivity as a measure of
financing constraints of firms. We re-examine this controversy by analyzing firms affiliated to …