Chaicisuttangkun, S.Ornlatcha SivarakSarayut NathaphanMahidol University. Mahidol University International College. Business Administration Division2015-07-232018-04-242015-07-232018-04-2420152010International Management Science Journal. Vol.1, No. 1 (2010), 25-34https://repository.li.mahidol.ac.th/handle/20.500.14594/10951This 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.engMahidol UniversityCorporate investmentFinancial constraintsCapital market imperfectionmAsymmetric informationTobin QArticle