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Investimenti e vincoli finanziari: evidenze da una cluster analysis
Author/s: Maurizio La Rocca, Tiziana La Rocca, Fabiola Montalto 
Year:  2012 Issue: Language: Italian 
Pages:  35 Pg. 83-117 FullText PDF:  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 Code: G30, G31

Maurizio La Rocca, Tiziana La Rocca, Fabiola Montalto, in "ECONOMIA E POLITICA INDUSTRIALE " 1/2012, pp. 83-117, DOI:10.3280/POLI2012-001004


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