Topic : The effect of cash flow and size on the investment decisions of ICT firms : a dynamic approach

The paper was discussing about sensitivity of firm investment to set their financial investment using flexible adjustment dynamic model. Author set up  the method by examining the degree to which firm’s liquidity  influences firm investment and also investigated whether  firm size and firm specialization having additional effects to firm investment. The result show that all the firm having sensitivity to the availability of internal funds, investment intensity will decrease along with firm size and leverage having negative effect on ICT firm’s investment.