Investment timing with fixed and proportional costs of external financing
نویسندگان
چکیده
منابع مشابه
Costly External Financing, Investment Timing, and Investment-Cash Flow Sensitivity
This paper examines the effects of costly external financing on the optimal timing of a firm’s investment. By altering the optimal investment timing, costly financing affects current investment and the sensitivity of investment to internal cash flow. Importantly, the relation between the cost of external funds and investment-cash flow sensitivity is non-monotonic. Investment-cash flow sensitivi...
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ژورنال
عنوان ژورنال: International Journal of Management Science and Engineering Management
سال: 2014
ISSN: 1750-9653,1750-9661
DOI: 10.1080/17509653.2014.937836