Investimenti e vincoli finanziari: evidenze da una cluster analysis

Maurizio La Rocca, Tiziana La Rocca and Fabiola Montalto

ECONOMIA E POLITICA INDUSTRIALE, 2012, vol. 2012/1, issue 1, 83-117

Abstract: 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: Investimenti; flussi di cassa; risorse finanziarie autogenerate; vincoli finanziari (search for similar items in EconPapers)
JEL-codes: G30 G31 (search for similar items in EconPapers)
Date: 2012
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