We thank an anonymous referee, Robert Faff, Olga Dodd, Graeme Guthrie, Martin Lally and Stefanie Schurer for their comments. We also thank seminar participants at the 2012 Victoria University of Wellington Finance Workshop, the 2012 Auckland Finance Meeting, the 2013 New Zealand Finance Colloquium and the 2013 Accounting and Finance Conference. We thank Robert Kieschnick, who provided comments while a Stephen Turnovsky Visiting Scholar at the School of Economics and Finance at Victoria University of Wellington. All remaining errors are our own.
Is the relationship between investment and conditional cash flow volatility ambiguous, asymmetric or both?
Version of Record online: 1 AUG 2013
© 2013 AFAANZ
Accounting & Finance
Volume 53, Issue 4, pages 913–947, December 2013
How to Cite
O'Connor Keefe, M., Tate, J. (2013), Is the relationship between investment and conditional cash flow volatility ambiguous, asymmetric or both?. Accounting & Finance, 53: 913–947. doi: 10.1111/acfi.12034
*Correction added on 8 October 2013 after first publication online on 1 August 2013: The hypotheses have now been renumbered.
- Issue online: 26 NOV 2013
- Version of Record online: 1 AUG 2013
- Manuscript Accepted: 5 JUN 2013
- Manuscript Received: 31 OCT 2012
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