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Cited by 873

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints

Kaplan, S. N., Zingales, L.·2000·The Quarterly Journal of Economics
DOI 10.1162/003355300554782
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Abstract

Work by Kaplan and Zingales provides both theoretical arguments and empirical evidence that investment-cash flow sensitivities are not good indicators of financing constraints. Fazzari, Hubbard, and Petersen [this Journal] criticize those findings. In this note we explain how the Fazzari et al. criticisms are either very supportive of the claims in earlier work by Kaplan and Zingales or incorrect. We conclude with a discussion of unanswered questions.

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Metadata

Authors
Kaplan, S. N., & Zingales, L.
Venue
The Quarterly Journal of Economics
Publisher
Oxford University Press (OUP)
Published
2000-05-01
Volume
115
Issue
2
Pages
707-712
ISSN
  • 0033-5533 (ISSN-L)
  • 1531-4650
DOI
10.1162/003355300554782
OpenAlex
W2890589898
Cited by
873
References
2
FWCI
160.68
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints. https://app.cochat.ai/papers/10.1162/003355300554782
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Kaplan, S. N., & Zingales, L. (2000). Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints. The Quarterly Journal of Economics. https://doi.org/10.1162/003355300554782

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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.