Do adjustment costs explain investment-cash flow insensitivity?

DOI10.1016/S0165-1889(02)00113-6zbMath1178.91086MaRDI QIDQ951406

Sangeeta Pratap

Publication date: 24 October 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

adjustment costsTobin's \(q\)liquidity constraints

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Tobin's Marginal q and Average q: A Neoclassical Interpretation
• Irreversibility and Aggregate Investment

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