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Dokumenttyp:
Masterarbeit 
Autor(en):
Beyschlag, Georg 
Titel:
Do investment-cash flow sensitivities really exist for German firms? Evidence from the impact of Working Capital management, the influence of banks and the ownership structure 
Abstract:
This thesis investigates the relation of liquidity constraints and investment behavior for German firms listed in the Prime Standard from 2001 to 2008. Investments of financially constrained firms are found to be more sensitive to internal funds than those of less constrained firms, once I account for additional ?investments? in Working Capital. The phenomenon of cash hoarding that enables a smoothing of investments cannot be affirmed. Incorporating the influence banks exert on non-financial com...    »
 
Betreuer:
Prof. Dr. Rudi Zagst 
Gutachter:
Prof. Dr. Christoph Kaserer 
Jahr:
2009 
Sprache:
en 
Hinweise:
Elitestudiengang FIM 
Hochschule / Universität:
Technische Universität München 
Fakultät:
Fakultät für Mathematik 
Format:
Text