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Bail-out was a success? An evidence from the investment-cash flow relationship

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dc.contributor.authorMohd Adib Ismail
dc.contributor.authorMohammed Yusoff
dc.contributor.authorMohd-Pisal Zainal
dc.contributor.authorMansor H. Ibrahim
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T20:05:52Z
dc.date.available2016-06-06
dc.date.available2016-07-25T20:05:52Z
dc.date.disclosure2016-06-10
dc.date.issued2010
dc.description.abstractThis paper is aimed to examine the impact of bail-out policy carried out following the financial crisis which hit the Malaysian economy some years ago. Using panel estimation methods, this study tries to analyze the relationship between firms‟ investments and their cash flows before and after the crisis period. Theoretically, the relationship becomes tight due to the crisis. This tight relationship indicates the existence of severe financial constraints faced by existing firms. Such relationship is on the contrast to the loose relationship prior the crisis when the financial market was liberalized through various deregulations including the interest rates deregulation. However, to combat the crisis Malaysia carried out a variety of counter-crisis measures. The measures are packaged under the bail-out policy implementation. If the bail-out policy was a success, it can be measured through the easiness of financial constraints the firms faced. Using annual financial data of unbalanced panel of 1988-2005, the results found are in favor of the bail-out policy.
dc.identifier.citationIsmail, M. A., Ibrahim, M. H., Yusoff, M., & Zainal, M. (2010). Bail-out was a success? An evidence from the investment-cash flow relationship. Prosiding PERKEM, 1, pp. 125-131.
dc.identifier.issn2231-962X
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1462
dc.languageEnglish
dc.language.isoeng
dc.publisherUKM
dc.relation.isreplacedbyhttps://ikr.inceif.org/handle/INCEIF/2271
dc.rights2010. UKM
dc.sourceCRP
dc.subjectBail-out
dc.subjectFinancial constraints
dc.subjectInvestment
dc.titleBail-out was a success? An evidence from the investment-cash flow relationship
dc.typeAcademic proceeding
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication.latestForDiscoverya45f0c66-a9b7-4f24-b073-1c875276163a
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