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Research Article Open Access

Cash Flow as an Investment Determinant: A Note on Coen's Speed of Adjustment Model

Thomas A. Anastasiou

Abstract

Investment models incorporating liquidity as an investment determinant and experimenting on the two possible roles that liquidity can play in an investment process - that of a direct capital stock determinant and that of a speed of adjustment determinant - should have to make a parallel search of the significance of the liquidity regressor under both assumptions, if a specific role is to be attributed to liquidity. Coen's leading model on the speed of adjustment is shown not to provide that distinction. JEL classification: E22, E62. 

Journal of Social Sciences
Volume 1 No. 3, 2005, 126-127

DOI: https://doi.org/10.3844/jssp.2005.126.127

Submitted On: 5 July 2005 Published On: 30 September 2005

How to Cite: Anastasiou, T. A. (2005). Cash Flow as an Investment Determinant: A Note on Coen's Speed of Adjustment Model . Journal of Social Sciences, 1(3), 126-127. https://doi.org/10.3844/jssp.2005.126.127

Open AccessCopyright: © 2005 Thomas A. Anastasiou. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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Keywords

  • Coen's speed of adjustment model
  • cash flow