Publication:
Determinants of corporate investment decisions on an imperfect capital market and financial constraints

1

Issued Date

2010

Resource Type

Article

Language

eng

Rights

Mahidol University

Bibliographic Citation

International Management Science Journal. Vol.1, No. 1 (2010), 25-34

Suggested Citation

Chaicisuttangkun, S., Ornlatcha Sivarak, Sarayut Nathaphan Determinants of corporate investment decisions on an imperfect capital market and financial constraints. International Management Science Journal. Vol.1, No. 1 (2010), 25-34. Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/10951

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Title

Determinants of corporate investment decisions on an imperfect capital market and financial constraints

Author(s)

Chaicisuttangkun, S.
 Ornlatcha Sivarak
 Sarayut Nathaphan

Other Contributor(s)

Mahidol University. Mahidol University International College. Business Administration Division

Abstract

This paper explores corporate investment strategy under capital market imperfection and financial constraints. Literature reviews of the corporate investment and capital market related theories are conducted aiming at investigating the methodologies used in benchmarking constrained and unconstrained firms and the determinants of investment sensitivity including variety of financial variables between the two groups. Asymmetric information and availability of internal funds are key determinants in corporate investment decisions.

Keyword(s)

Corporate investment
 Financial constraints
 Capital market imperfectionm
 Asymmetric information
 Tobin Q

Availability

URI

https://repository.li.mahidol.ac.th/handle/123456789/10951

Collections

MUIC-Article