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- W4285035182 abstract "We provide new empirical evidence of the relationship between the availability of internal funds and firms’ investment. By employing a semi-parametric fixed effect model, we estimate a U-shaped curve relating investment and internal funds. Our results highlight the importance of allowing for nonlinearities when modeling changes in internal funds and investment, and show that R&D expenses play a critical role on firms’ investment under financial constraints" @default.
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- W4285035182 date "2022-09-01" @default.
- W4285035182 modified "2023-10-16" @default.
- W4285035182 title "Exploring nonlinearities between investment and internal funds: Evidence of the U-shaped investment curve" @default.
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- W4285035182 doi "https://doi.org/10.1016/j.econlet.2022.110713" @default.
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