[Adelegan, O. J., & Ariyo, A. (2008). Capital market imperfections and corporate investment behaviour: a switching regression approach using panel data for Nigerian manufacturing firms. Journal of Money, Investment and Banking, ISSN 1450-288X Issue 2 (2008) © Euro Journals Publishing, Inc. 2008 http://www.eurojournals.com/finance.htm]Search in Google Scholar
[Adelegan, O. J. (2009). Investment, financial factor and cash flow from Nigerian panel data. Journal of African Development, Vol. 11, No. 110.5325/jafrideve.11.1.0077]Search in Google Scholar
[Aftalion, A. (1909). La Réalité des surproductionsgénérales: essaid’unethéorie des crises généralesetpériodiques. Revue d’Economie Politique.]Search in Google Scholar
[Almeida, H. & Campello M. (2002). Financial constraints and investment-cash flow sensitivities: new research directions. Working paper, New York University and University of Illinois10.2139/ssrn.298027]Search in Google Scholar
[Almeida, H. & Campello, M. (2007). Financial constraints, asset tangibility, and corporate investment. NBER Working Paper, No.1208710.1093/rfs/hhm019]Search in Google Scholar
[Almeida, H. Campello M, & Galvao, A. (2010). Measurement error in investment equations. Review of Financial Studies 23, 3279–332810.1093/rfs/hhq058]Open DOISearch in Google Scholar
[Alti, A. (2003). How sensitive is investment to cash flow when financing is friction. The Journal of Finance, Vol. 58, No. 2.10.1111/1540-6261.00542]Open DOISearch in Google Scholar
[Annabi, R. A., Djelassi, M., & Hakimi, A. (2012) Financial constraints, information assymetry and Tunisian firm investment. Journal of Applied Finance and Banking, Vol.2, No. 4, pp. 103-116.]Search in Google Scholar
[Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: monte carlo evidence and an application to employment equations. Review of Economic Studies 58, 277-297.10.2307/2297968]Open DOISearch in Google Scholar
[Baum, C. F. & Thies, C. F. (1999). Q, cash flow and investment: an econometric critique. Review of Quantitative Financial and Accounting, Vol. 12, Issue 1, pp35-4810.1023/A:1008312423996]Search in Google Scholar
[Bhagat, S. Moyen, N. & Suh, I. (2006). Investment and internal funds of distressed firms. Journal of Corporate Finance, Vol. 11, Issue 3, pages 449-47210.1016/j.jcorpfin.2004.09.002]Open DOISearch in Google Scholar
[Bickerdike, C.F. (1914). A non-monetary cause of fluctuations in employment. Economic Journal, Vol. 24, No.95, pp. 357-370.10.2307/2221995]Open DOISearch in Google Scholar
[Biorn, E. (2000). Panel data with measurement errors: instrumental variables and GMM procedures combining levels and differences. Econometric Reviews 19, 391-424.10.1080/07474930008800480]Open DOISearch in Google Scholar
[Blalock, G., Gertler, P. J. & Levine, D. I. (2007). Financial constraints on investment in an emerging market crisis: an empirical investigation of foreign ownership. Center for International and Development Economic Research Working Paper Series, Business and Economic Research, UK Berkeley]Search in Google Scholar
[Bond S. R. & Soderbom, M. (2010). Conditional investment-cash flow sensitivities and financial constraints. Working Papers in Economics, No. 28]Search in Google Scholar
[Brainard, W. C. & Tobin, J. (1968). Pitfalls in financial model building. American Economic Review, Vol. 58, no. 2, 99---122.]Search in Google Scholar
[Bushman, R. M. Smith, A. J. & Zhang, X. F. (2011). Investment-cash flow sensitivities are really investment-investment sensitivities. Seminal Paper Presented at Carnegie Mellon University, Chinese University of Hong Kong, Emory University, INSEAD, Penn State University, Yale University, and the University of Toronto10.2139/ssrn.842085]Search in Google Scholar
[Calomiris, C. W. Himmelberg, C. P. & Wachtel, P. (1995). Commercial paper and corporate finance: a microeconomic perspective. Carnegie-Rochester Conference Series on Public Policy, vol. 42, pp. 203-50.10.1016/0167-2231(95)00034-W]Open DOISearch in Google Scholar
[Campello, M. Graham, J. R. & Harvey, C. R. (2009). The real effects of financial constraints: evidence from a financial crisis. NEBR Working Paper No. 15552.10.3386/w15552]Search in Google Scholar
[Carpenter R. E. & Guariglia, A. (2003). Cash flow, investment, and investment opportunities: new tests using UK Panel data. Discussion Paper in Economics, No.03/24, University of Nottingham.]Search in Google Scholar
[Carpenter, R. E., Fazzari, S, M. & Petersen, B. C. (1994). Inventory investment, internal-finance fluctuations, and the business cycle. Brookings Papers on Economic Activity, 2:1994, pp. 75-138.10.2307/2534655]Search in Google Scholar
[Carver, T. N. (1903). The relation of abstinence to interest. Quarterly Journal of Economics, 1903, 18 (1), pp. 142-145.10.2307/1882781]Open DOISearch in Google Scholar
[Chirinko R. S. & von Kalckreuth, U. (2002). Further evidence on the relationship between firm investment and financial status. Discussion Paper 28/02 Economic Research Centre of the Deutsche Bundesbank10.2139/ssrn.2785164]Search in Google Scholar
[Chirinko, R. S. & Schaller, H. (1995). Why does liquidity matter in investment equations?. Journal of Money, Credit and Banking, vol. 27, pp. 527--4810.2307/2077882]Open DOISearch in Google Scholar
[Clark J. M. (1917). Business acceleration and the law of demand: a technical factor in economic cycles. Journal of Political Economy, vol. 25, pp. 217-35.10.1086/252958]Search in Google Scholar
[Cleary, S., Povel P. & Raith, M. (2007). The u-shaped investment curve: theory and evidence. Journal of Financial and Quantitative Analysis 42, 1-39.10.1017/S0022109000002179]Open DOISearch in Google Scholar
[Cleary, S. (1999). The relationship between firm investment and financial status. Journal of Finance, 673-69210.1111/0022-1082.00121]Open DOISearch in Google Scholar
[D’Espallier, B. & Lopez-Iturriaga F. (2009). On the negative relation between investment-cash flow sensitivities and cash-cash flow sensitivities. Faculty of Business and Economics, Department of Accountancy, Finance and Insurance (AFI)]Search in Google Scholar
[Devereux, M. P. & Schiantarelli, F. (1990). Investment, financial factors and cash flow from uk panel data.” in g. hubbard, ed., Information, Capital Markets and Investment Chicago, IL: University of Chicago Press.10.3386/w3116]Search in Google Scholar
[Drobetz W., Haller, R. Meier, I. and Tarhan, V. (2014). The impact of liquidity crisis on cash flow sensitivities. 26th Australasian Finance and Banking Conference 2013.]Search in Google Scholar
[Duesenberry, J. S. (1958). Business cycle and economic growth. McGraw-Hill New York, pp. 49-85]Search in Google Scholar
[EFInA, (2010). Financial Services Landscape in Nigeria. Full Report]Search in Google Scholar
[Erickson, T., & Whited, T. (2000). Measurement error and the relationship between investment and q. Journal of Political Economy, 108, 1027-105710.1086/317670]Search in Google Scholar
[Fazzari, S.M. Hubbard R.G. & Petersen, B.C. (1988). Financing constraints and corporate investment. Brookings Papers on Economic Activity, Vol. 1 pp. 141-195.10.2307/2534426]Search in Google Scholar
[Gertler, M. (1992). Financial capacity and output fluctuations in the economic with multiperiod financial arrangements. Review of Economic Studies, Vol. LIX, pp. 455-472.10.2307/2297859]Open DOISearch in Google Scholar
[Gilchrist, S. & Himmelberg, C. P. (1995). Evidence on the role of cash flow for investment. Journal of Monetary Economics, 36(3), pp. 541–72.10.1016/0304-3932(95)01223-0]Open DOISearch in Google Scholar
[Hobdari, B. Jones, D. C. & Mygind, N. (2009). Capital investment and determinants of financial constraints in Estonia. Economic Systems, Volume 33, Issue 4, pp. 344-359.10.1016/j.ecosys.2009.05.004]Search in Google Scholar
[Hoshi, T. Kashyap, A. & Scharfstein, D. (1991). Corporate structure, liquidity, and investment: evidence from Japanese industrial groups. Quarterly Journal of Economics, 106, 33-60.10.2307/2937905]Search in Google Scholar
[Jiming, L. Chengqin, S. & Zhao H. W. (2010). The impact of debt financial of firm investment behaviour: evidence from china. International Journal of Digital Content Technology and its Application, Vol. 410.1109/ISME.2010.17]Search in Google Scholar
[Jorgenson, D. (1967). The theory of investment behaviour, in: determinants of investment behaviour”, Universities---National Bureau Conference Series No. 18, Ed.: Ferber, R., Colombia University Press, New York.]Search in Google Scholar
[Kaplan, S. & Zingales, L. (1997). Do investment-cash flow sensitivities provide useful measures of financing constraints?. Quarterly Journal of Economics, 112, 169–21510.1162/003355397555163]Search in Google Scholar
[Keynes, J. M. (1936). The General Theory of Employment, Interest and Money. Macmillan]Search in Google Scholar
[Khramov, V. (2012). Asymmetric effects of the financial crisis: collateral-based investment-cash flow sensitivity analysis. IMF Working Paper, WP/12/97.10.5089/9781475502879.001]Search in Google Scholar
[Klein, L. R. (1958). The estimation of distributed lag. Econometrica, 26 pp. 553-56510.2307/1907516]Open DOISearch in Google Scholar
[Kozhan, R. & Pal R. (2008). Firms’ Investment under Financial Constraints: A European Area Investigation. Working Papers Series, (WP08-07)]Search in Google Scholar
[La Rocca, M., Stagliano, R. & Laguir, I. (2016). Long-term investment sensitivity to cashflow and financial crisis. Journal of Applied Economics Letter, Volume 23, Issue 6.10.1080/13504851.2015.1078437]Search in Google Scholar
[Lewellen, R. & Lewellen, K. (2011). Investment and Cash flow: New Evidence. Journal of Multinational Financial Management, Vol. 21, Issue 2, pp. 69-88.10.1016/j.mulfin.2010.12.003]Search in Google Scholar
[Marhfor, A. M’Zali B. & Cosset, J. (2012). Firm’s financing constraints and investment-cash flow sensitivity: evidence from country legal institutions. ACRN Journal of Finance and Risk Perspectives, Vol. 1, Issue 1, p. 50-66]Search in Google Scholar
[Meyer, J.R. & Kuh, E. (1957). The Investment Decision. Harvard University Press, Cambridge, MA10.4159/harvard.9780674421189]Search in Google Scholar
[Mizen P. & Vermuelen P. (2005). Corporate investment and cashflow sensitivity: what drives the relationship? European Central Bank Working Paper Series, No. 48510.2139/ssrn.711165]Search in Google Scholar
[Modigliani, F. & Miller, M. H. (1958). The cost of capital, corporation finance, and the theory of investment. American Economic Review 48, 261-297.]Search in Google Scholar
[Ng, S. & Schaller, H. (1991). The risk spread and monetary policy transmission: evidence on the role of asymmetric information. Princeton University, Mimeo]Search in Google Scholar
[Oliner, S. D. & Rudebusch, G. D. (1992). Sources of the financing hierarchy for business investment. The Review of Economics and Statistics, Vol. LXXIV, no. 4, pp. 643-54.10.2307/2109378]Open DOISearch in Google Scholar
[Sembenelli, A., L. Schiantarelli, F. & Sack, B.and, (1993). Firms’ real and financial responses to business cycle shocks and to monetary tightening: evidence for large and small Italian companies. CERIS CMR Working Paper No. 5.]Search in Google Scholar
[Samuelson, P. (1939a). Interaction between the multiplier analysis and the principle of acceleration. Review of Economics and Statistics, Vol. 21, no. 2, 75---7810.2307/1927758]Open DOISearch in Google Scholar
[Samuelson, P. (1939b). A Synthesis of the Principle of Acceleration and the Multiplier. Journal of Political Economy, Vol. 47, No. 610.1086/255469]Open DOISearch in Google Scholar
[Schaller, H. (1993). Asymmetric information, liquidity constraints, and Canadian investment. Canadian Journal of Economics, Vol. 26, pp. 552-74.10.2307/135887]Open DOISearch in Google Scholar
[Whited, T. M. (1992). Debt, liquidity constraints, and corporate investment: evidence from panel data. Journal of Finance, Vol. 47 (September), pp. 1425-60.10.1111/j.1540-6261.1992.tb04664.x]Open DOISearch in Google Scholar