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Cited by 684

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Financing Investment

Gomes, Joao F·2001·American Economic Review
DOI 10.1257/aer.91.5.1263
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Abstract

We examine investment behavior when firms face costs in the access to external funds. We find that despite the existence of liquidity constraints, standard investment regressions predict that cash flow is an important determinant of investment only if one ignores q. Conversely, we also obtain significant cash flow effects even in the absence of financial frictions. These findings provide support to the argument that the success of cash-flow-augmented investment regressions is probably due to a combination of measurement error in q and identification problems. (JEL E22, E44, G31)

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Metadata

Authors
Gomes, J. F.
Venue
American Economic Review
Publisher
American Economic Association
Published
2001-12-01
Volume
91
Issue
5
Pages
1263-1285
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.91.5.1263
OpenAlex
W4242541877
Cited by
684
References
3
FWCI
36.78
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Financing Investment. https://app.cochat.ai/papers/10.1257/aer.91.5.1263
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Gomes, J. F. (2001). Financing Investment. American Economic Review. https://doi.org/10.1257/aer.91.5.1263

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.