Hang Shin Link
Siu Lek Yuen
Shatin, Hong Kong
China
The Hang Seng University of Hong Kong
Cash flow, misvaluation, market inefficiencies, financial constraints, corporate policies
Life-cycle theory; Investment decisions; Financing decisions; Cash policy; Payout policy
Crash risk, Operating leverage, Cost structure, Opacity, Operating deleveraging, Cost Stickiness
Inventory policy; Cost structure; Demand uncertainty; Congestion costs; Inventory-carrying costs; Operating leverage