LAUSR

Derivative cash flows and corporate investment

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1 Published in 2020 at "Journal of Banking and Finance"

DOI: 10.1016/j.jbankfin.2020.105916

Abstract: Abstract According to an influential argument, corporate hedging supports corporate investment when internal cash flows are volatile and external financing is costly (Froot, Scharfstein and Stein, 1993). Despite its vast influence, the predictions of this… read more here.

Keywords: corporate investment; derivative cash; cash flows; cash ... See more keywords