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Results from the Analyses Comparing High and Low Sensitivity Groups Variable High sensitivity Low sensitivity F M (SD) M (SD) HAD (Anxiety) 8.
They hypothesized relationships between equity sensitivity groups and outcomes based on equity sensitivity theory that benevolents are more inward focused and would value intrinsic inputs and intrinsic outcomes as having more importance than would entitleds, and that entitleds are more outward focused and would value extrinsic outcomes and extrinsic inputs as more important than would benevolents.
Since firms in PCF-sensitive and NCF-sensitive groups both appear to be financially constrained relative to CF-insensitive firms and seem to have greater opportunities for growth, it is interesting to examine how firms in different cash flow sensitivity groups invest and grow and how they finance their investment expenditures.