Tayem, Ghada - In: Economies : open access journal 10 (2022) 11, pp. 1-15
This paper examines the sensitivity of investment to cash flow in declining economic conditions, focusing on the impact …, the study utilizes the standard Q theory of investment augmented by cash flow, leverage, and liquidity. Then, it allows … for differential loading on the cash flow coefficient pre- and post-2008, the year that marks the beginning of declining …