The Effect of Financing Constraints on Corporate Investment: The SA-Index Approach
Insights in Accounting Practices and Financial Management: 37FINACC 2021
This study aims to analyze how the company's internal funds and investment opportunities impact the company’s investment decisions conditional to the financing constraints experienced. We classify companies into three categories based on the SA-Index; low, neutral, and high-financing constraints. We analyze 278 non-financial companies listed…