Do Internal Funds play an important role in Financing Decisions for Constrained Firms?

In this paper, I discuss the importance of internal funds for corporate investment among financially constrained firms. I use the paper ‘Financing Constraints and Corporate Investments’ by Fazzari, Hubbard and Petersen.as a base for my framework. I focus on a specific paper refuting their findings a...

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Bibliographic Details
Main Author: Roychowdhury, Barun
Format: Others
Published: Scholarship @ Claremont 2015
Subjects:
Online Access:http://scholarship.claremont.edu/cmc_theses/1090
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2237&context=cmc_theses