Investimenti e vincoli finanziari: evidenze da una cluster analysis
Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Maurizio La Rocca, Tiziana La Rocca, Fabiola Montalto
Publishing Year 2012 Issue 2012/1
Language Italian Pages 35 P. 83-117 File size 184 KB
DOI 10.3280/POLI2012-001004
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Corporate investment is a critical factor in the overall activity of the economic and capital markets. Although the level of financial constraints plays an important role in the investment decisions of companies, the nature of the relationship continues to dominate the ongoing theoretical debate, while the existing empirical evidence is mixed. After applying the cluster analysis approach to a sample of Italian manufacturing firms, our findings suggest that the approach can reveal new insights on financial constraint issues, making it a more useful approach than traditional criteria and measures.
Keywords: Investment, cash flow, internal finance, financial constraints
Jel codes: G30, G31
Maurizio La Rocca, Tiziana La Rocca, Fabiola Montalto, Investimenti e vincoli finanziari: evidenze da una cluster analysis in "ECONOMIA E POLITICA INDUSTRIALE " 1/2012, pp 83-117, DOI: 10.3280/POLI2012-001004