Does cash flow affect investment? Evidence from the romanian capital market.

dc.contributor.author	Putintica, Andriana
dc.contributor.author	Bonaci, Carmen Giorgiana
dc.date.accessioned	2014-02-21T10:13:22Z
dc.date.available	2014-02-21T10:13:22Z
dc.date.issued	2013-12
dc.identifier.citation	PUTUNTICA, Andriana, BONACI, Carmen Giorgiana. Does cash flow affect investment? Evidence from the romanian capital market. International Journal of Entrepreneurial Knowledge. 2013, issue 1/2013, volume 1, s. 53-60. ISSN:2336-2960.	en
dc.identifier.issn	2336-2960
dc.identifier.uri	http://dspace.vsp.cz/handle/ijek/14
dc.description.abstract	Our paper addresses the relation between corporate investments and cash flow. While literature agrees upon the existence of a correlation between the two, its interpretation continues to generate intense debates. We use data from a sample of 125 Romanian listed companies for the 2005-2011 period. Using a fixed effects least squares model we document a positive significant association between investments and cash flow. The results show that a 1% cash flow fluctuation leads to a 0.27% alteration of the planned investments. We therefore add to the literature on a widely debated topic by bringing evidence in the case of Romanian listed companies.	en
dc.language.iso	en	en
dc.publisher	International Journal of Entrepreneurial Knowledge	en
dc.subject	Investments, cash flow, financial reporting, panel data, fixed effects	en
dc.title	Does cash flow affect investment? Evidence from the romanian capital market.	en
dc.type	Article	en

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Issue 1/2013, Volume 1
International Journal of Entrepreneurial Knowledge, Issue 1/2013, Volume 1