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Author:Baum, C. F.
Thies, C. F.
Title:Q, cash flow and investment: An econometric critique
Journal:Review of Quantitative Finance and Accounting
1999 : JAN, VOL. 12:1, p. 35-47
Index terms:Cash flow
Investment
Models
Language:eng
Abstract:In the article, the effects of measurement and specification error on estimates of the Q and cash flow model are investigated. There are two sources of error considered: Expensing of R & D expenditures and failing to identify that component of cash flow which relaxes financing constraints.
SCIMA record nr: 184391
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