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World Affairs Online
In: CEPAL review, Band 1995, Heft 55, S. 81-94
ISSN: 1684-0348
In: People Power, S. 198-205
In: Bulgarian Journal of Agricultural Science, 22 (No 6) 2016, 875-892
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In: FUZZY ECONOMIC REVIEW, Band 5, Heft 2
ISSN: 2445-4192
In: Journal of International Financial Markets, Institutions and Money, 2023
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In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 18, Heft 2, S. 207-222
ISSN: 1475-6803
AbstractUsing a large panel of industrial Compustat firms from 1971 to 1988, we find long‐term external financing to be positively related to the period's capital expenditures on growth opportunities, but negatively related to beginning‐of‐the‐period financial slack, broadly defined. These findings support the view that firms tend to match long‐term sources of financing with long‐lived assets, and short‐term debt with short‐lived assets. Our results also reinforce the belief that firms prefer internal to external financing. We find no evidence that firms favor financing capital expenditures with short‐term debt, either permanently or temporarily.
In: European Accounting Review, Forthcoming
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Working paper
World Affairs Online
In: Asian Development Bank economic staff paper, 26
World Affairs Online
In: The Journal of Industrial Economics, Band 67, Heft 1, S. 91-126
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