Financial Constraints, Debt Overhang And Corporate Investment: A Panel Smooth Transition Regression Approach
This paper provides new evidence on the impacts of financial constraints, growth opportunities and debt overhang on firm-level investments in 12 Asian countries, Australia and New Zealand over the period 1990-2010. Using Panel Smooth Transition Regression (PSTR) models that overcome the shortcomings...
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| Format: | Article |
| Language: | English |
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Asian Academy of Management (AAM),
2014.
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| Online Access: | Get fulltext |