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Cited by 1,430

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

The Relationship between Firm Investment and Financial Status

Cleary, Sean·1999·The Journal of Finance
DOI 10.1111/0022-1082.00121
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Abstract

Firm investment decisions are shown to be directly related to financial factors. Investment decisions of firms with high creditworthiness (according to traditional financial ratios) are extremely sensitive to the availability of internal funds; less creditworthy firms are much less sensitive to internal fund availability. This large sample evidence is based on an objective sorting mechanism and supports the results of Kaplan and Zingales (1997), who also find that investment outlays of the least constrained firms are the most sensitive to internal cash flow.

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Metadata

Authors
Cleary, S.
Venue
The Journal of Finance
Publisher
Wiley
Published
1999-04
Volume
54
Issue
2
Pages
673-692
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00121
OpenAlex
W2040619202
Cited by
1,430
References
8
FWCI
67.96
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Relationship between Firm Investment and Financial Status. https://app.cochat.ai/papers/10.1111/0022-1082.00121
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Cleary, S. (1999). The Relationship between Firm Investment and Financial Status. The Journal of Finance. https://doi.org/10.1111/0022-1082.00121

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.