Firm investment, liquidity and bank health: A panel study of Asian firms in the 2000s

Kazuo Ogawa

Journal of Asian Economics, 2015, vol. 38, issue C, 44-54

Abstract: We investigate how firms responded to the deterioration of bank health during the financially turbulent periods in the late 2000s in investment decisions and demand for liquidity. We shed light on the cash flow sensitivity of investment and cash holdings using panel data for Asian firms in economies at different stages of financial development.

Keywords: Investment; Financial constraint; Cash flow sensitivity; Cash holdings; Bank health (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Working Paper: Firm Investment, Liquidity, and Bank Health: A Panel Study of Asian Firms in the 2000s (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:38:y:2015:i:c:p:44-54

DOI: 10.1016/j.asieco.2015.03.002

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