Grzegorz Pawlina recognises support from the European Union's Phare ACE Programme. Luc Renneboog is grateful for financial support by the European Union under the Sixth Framework Programme New Modes of governance (Contract no. CITS-CT-2004-506392); coordinated by the RSCAS of the European University Institute) and by the Netherlands Organisation for Scientific Research. The content of this paper is the sole responsibility of the authors and does not represent the views of the Commission or its services. The authors are grateful to John Doukas, Carles Gispert, Marc Goergen, Klaus Gugler, Harijono Harijono, Abe de Jong, Joe McCahery, Chris Veld, an anonymous referee and participants of the Investment and Corporate Governance Workshop in Cambridge and the European Financial Management Association Annual Meeting in Basle for helpful comments. All remaining errors are ours. Corresponding author: Grzegorz Pawlina.
Is Investment-Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UK
Article first published online: 12 SEP 2005
European Financial Management
Volume 11, Issue 4, pages 483–513, September 2005
How to Cite
Pawlina, G. and Renneboog, L. (2005), Is Investment-Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UK. European Financial Management, 11: 483–513. doi: 10.1111/j.1354-7798.2005.00294.x
- Issue published online: 12 SEP 2005
- Article first published online: 12 SEP 2005
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