4Acharya, V. V. , H. Almeida, and M. CampeIlo, 2007, Is cash negative debt? A hedging perspective on corporate financial, Journal of Financial lntermediation 16,515 - 554.
5Almeida, H. , M. Campello, and M. S. Weisbach, 2004, The cash flow sensitivity of cash, Journal of Finance 59, 1777 - 1804.
6Arslan, O. , C. Floraekis, and A. Ozkan. 2011, Financial Flexibility, Corporate Investment and Performance. Working Paper.
7Bates, T. W. , K. M. Kahle, and R. M. Stulz, 2009, Why do us firms hold so much more cash than they used to?, Journal of Finance 64, 1985 -2021.
8Billett, M. T. , T. H. D. King, and D. C. Mauer, 2007, Growth opportunities and the choice of leverage, debt maturity, and covenants, Journal of Finance 62,697 - 730.
9Byoun, S. , 2011, Financial Flexibility and Capital Structure Decision, SSRN eLibrary.
10Campello, M. , E. , Giambona, John R. Graham, and C. R. Harvey, 2010, Liquidity management and corporate investment during a financial crisis, SSRN eLibrary.
