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Asset-light business model: An examination of investment-cash flow sensitivities and return on invested capital
16 references·2 citing·32 second hop
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References

  • 1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations33,089 cited
  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 2006The Core Competence of the Corporation11,435 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
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  • 2010Simple formulas for standard errors that cluster by both firm and time1,515 cited
  • 2002Explaining the Diversification Discount1,372 cited
  • 1994R & D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries

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1,284 cited
  • 2009The Core Competence of the Corporation1,255 cited
  • Cited by

    • 2022COVID-19 Shock, Financial Flexibility, and Hotels' Performance Nexus17 cited
    • 2023An empirical study on the asset-light operation and corporate performance of China's tourism listed companies16 cited