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Liquidity and business investment: Evidence from dutch panel data

โœ Scribed by Hans Van Ees; Harry Garretsen


Book ID
113248256
Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
979 KB
Volume
16
Category
Article
ISSN
0164-0704

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This paper examines the importance of dividend policy and liquidity constraints in the context of the firm's investment behaviour. While early financial literature has argued that dividend policy should be independent of firm investment decisions, recent studies indicate that linkages are probable i