Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/21809

TitleFinancing patterns and corporate investment relationship : a brief overview
Author(s)Cunha, Jorge
Paisana, António
KeywordsCorporate investment
Financing patterns
Financing constraints
Agency costs
Issue dateJul-2012
Abstract(s)Investment is an important economic variable and, therefore, it is important to have an understanding of the factors that determine its evolution over time. One aspect that has been highlighted in recent research is that corporate investment behavior is influenced by the financial structure of firms. In fact, if the hypothesis of imperfect capital markets holds, there is no perfect substitutability between the various sources of funds, which may affect the investment expenses of firms and lead to a situation of underinvestment. In this paper, a brief overview of different explanations for the relationship between financing patterns and investment behavior of firms is presented.
TypeConference paper
URIhttp://hdl.handle.net/1822/21809
Peer-Reviewedyes
AccessOpen access
Appears in Collections:CGIT - Publicações em actas de encontros científicos / Papers in conference proceedings

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