{"id":"https://openalex.org/W295496267","doi":null,"title":"Investment-cash flow sensitivity in small and medium sized enterprises at expansion stage","display_name":"Investment-cash flow sensitivity in small and medium sized enterprises at expansion stage","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W295496267","mag":"295496267"},"language":"en","primary_location":{"id":"mag:295496267","doi":null,"is_oa":false,"landing_page_url":"http://www.revistainternacionalpyme.org/volumenes/volumenuno/vol1num4/articulos/pyme4art4.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037467102","display_name":"Jos\u00e9 Mart\u00edn Pell\u00f3n","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jos\u00e9 Mart\u00edn Pell\u00f3n","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5011921576","display_name":"Mar\u00eda Alejandra Ferrer","orcid":"https://orcid.org/0000-0001-5401-1838","observed_orcids":["https://orcid.org/0000-0001-5401-1838"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mar\u00eda Alejandra Ferrer","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-5401-1838","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.0129,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.8276931,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"1","issue":"4","first_page":"68","last_page":"89"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9726999998092651,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9726999998092651,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.016699999570846558,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.005200000014156103,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investment-cash-flow-sensitivity","display_name":"investment-cash flow sensitivity","score":0.9990000128746033},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.9850000143051147},{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.9829999804496765},{"id":"https://openalex.org/keywords/venture-capital","display_name":"venture capital","score":0.9729999899864197},{"id":"https://openalex.org/keywords/unlisted-firms","display_name":"unlisted firms","score":0.9369999766349792},{"id":"https://openalex.org/keywords/funding-gap","display_name":"financing gap","score":0.7480000257492065},{"id":"https://openalex.org/keywords/spanish-smes","display_name":"Spanish SMEs","score":0.8679999709129333}],"concepts":[{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.759295642375946},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6684063076972961},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5588170289993286},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5071268081665039},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.47474414110183716},{"id":"https://openalex.org/C21200559","wikidata":"https://www.wikidata.org/wiki/Q7451068","display_name":"Sensitivity (control systems)","level":2,"score":0.44099465012550354},{"id":"https://openalex.org/C166819830","wikidata":"https://www.wikidata.org/wiki/Q2025903","display_name":"Operating cash flow","level":3,"score":0.4314688444137573},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.33779484033584595},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30342191457748413},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C24326235","wikidata":"https://www.wikidata.org/wiki/Q126095","display_name":"Electronic engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:295496267","doi":null,"is_oa":false,"landing_page_url":"http://www.revistainternacionalpyme.org/volumenes/volumenuno/vol1num4/articulos/pyme4art4.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7825999855995178}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":59,"referenced_works":["https://openalex.org/W91480530","https://openalex.org/W92531271","https://openalex.org/W1546523058","https://openalex.org/W1553140292","https://openalex.org/W1576685169","https://openalex.org/W1577242883","https://openalex.org/W1894453672","https://openalex.org/W1959888518","https://openalex.org/W1966598925","https://openalex.org/W1970899344","https://openalex.org/W1971979625","https://openalex.org/W1992819759","https://openalex.org/W2034635937","https://openalex.org/W2038765589","https://openalex.org/W2053008107","https://openalex.org/W2053893381","https://openalex.org/W2063198012","https://openalex.org/W2070595615","https://openalex.org/W2072806856","https://openalex.org/W2075601046","https://openalex.org/W2089842977","https://openalex.org/W2090421096","https://openalex.org/W2095100954","https://openalex.org/W2105738429","https://openalex.org/W2110155057","https://openalex.org/W2112562110","https://openalex.org/W2113003288","https://openalex.org/W2115846503","https://openalex.org/W2117594039","https://openalex.org/W2119780569","https://openalex.org/W2123722037","https://openalex.org/W2124115302","https://openalex.org/W2131921554","https://openalex.org/W2137871339","https://openalex.org/W2142259489","https://openalex.org/W2166941765","https://openalex.org/W2170790204","https://openalex.org/W2172399901","https://openalex.org/W2177947568","https://openalex.org/W2341795385","https://openalex.org/W2752617332","https://openalex.org/W2890589898","https://openalex.org/W3068055312","https://openalex.org/W3121382712","https://openalex.org/W3122136141","https://openalex.org/W3122251367","https://openalex.org/W3122647754","https://openalex.org/W3122709279","https://openalex.org/W3122985682","https://openalex.org/W3122986393","https://openalex.org/W3123299067","https://openalex.org/W3124000325","https://openalex.org/W3124114405","https://openalex.org/W3124146234","https://openalex.org/W3124284666","https://openalex.org/W3124422916","https://openalex.org/W3124971833","https://openalex.org/W3125087107","https://openalex.org/W3132832900"],"related_works":["https://openalex.org/W195690946","https://openalex.org/W3124573741","https://openalex.org/W2522788835","https://openalex.org/W2579917355","https://openalex.org/W2299184407","https://openalex.org/W7015204403","https://openalex.org/W2980352581","https://openalex.org/W2126245468","https://openalex.org/W2160668174","https://openalex.org/W7097651762"],"abstract_inverted_index":{"Most":[0],"of":[1,12,75,87,106,109],"the":[2,5,42,73,85,94,99,107],"controversy":[3],"about":[4],"investment-cash":[6,43,100],"flow":[7,44,64,101],"sensitivity":[8,45,102],"as":[9,89,103],"a":[10,35,57,90,104],"measure":[11,105],"financial":[13,32,110],"constraints":[14,33],"concentrates":[15],"on":[16],"listed":[17],"firms.":[18,77],"We":[19,40,55],"assume":[20],"that":[21],"unlisted":[22,47,67],"growing":[23],"Small":[24],"and":[25,51,62,97],"Medium-Sized":[26],"Enterprises":[27],"(SMEs)":[28],"were":[29],"subject":[30],"to":[31,92],"before":[34],"Venture":[36],"Capital":[37],"(VC)":[38],"investment.":[39],"analyse":[41],"in":[46,65,72],"Spanish":[48],"SMEs":[49],"with":[50],"without":[52],"VC":[53,88],"involvement.":[54],"find":[56],"positive":[58],"relationship":[59],"between":[60],"investment":[61],"cash":[63],"all":[66],"firms,":[68],"which":[69],"is":[70],"larger":[71],"subsample":[74],"VC-backed":[76],"Our":[78],"findings":[79],"provide":[80],"an":[81],"additional":[82],"justification":[83],"for":[84],"role":[86],"source":[91],"fill":[93],"financing":[95],"gap":[96],"support":[98],"presence":[108],"constraints.":[111]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}