Investment, firm-specific uncertainty, and financial flexibility
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DOI: 10.1016/j.jebo.2021.09.042
Abstract: Abstract We study how financial flexibility impacts on firm's investment decisions under uncertainty. We use a comprehensive dataset covering US firms for the period 1983–2019. We develop a baseline model of investment under uncertainty and… read more here.
Keywords: investment firm; financial flexibility; uncertainty; flexibility ... See more keywords