University Of Zambia Online Public Access Catalogue
The investment decision: A re-examination of competing theories using panel data.
By: Samuel, Cherian.
Material type:
BookPublisher: Washington : World Bank, 1996Subject(s): Investment | Cash flow -- Management. -- Cash flow -- ManagementSummary: This paper observes that for firms, the single most important determinant of capital spending appears to be cash flow and that firm managers care more about cash flow and cost of capital than about stock market signals and level output.
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This paper observes that for firms, the single most important determinant of capital spending appears to be cash flow and that firm managers care more about cash flow and cost of capital than about stock market signals and level output.
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