▁of ▁firm ▁invest ment ▁or ▁not . ▁A ▁related ▁controvers y ▁is ▁whether ▁the ▁fact ▁that ▁internal ▁finan cing ▁is ▁empir ically ▁correl ated ▁with ▁invest ment ▁implies ▁fir ms ▁are ▁credit ▁const rained ▁and ▁therefore ▁depend ▁on ▁internal ▁finan cing ▁for ▁invest ment . ▁ ▁Adv antages ▁& ▁Dis adv antages ▁of ▁internal ▁finan cing ▁ ▁Adv antages ▁▁ ▁Capital ▁is ▁immediately ▁available ▁ ▁No ▁interest ▁pay ments ▁ ▁No ▁control ▁procedures ▁regarding ▁credit worth iness ▁ ▁S par es ▁credit ▁line ▁ ▁No ▁influence ▁of ▁third ▁parties ▁ ▁More ▁flexible ▁ ▁More ▁freedom ▁given ▁to ▁the ▁own ers ▁ ▁Dis adv antages ▁▁ ▁Exp ensive ▁because ▁internal ▁finan cing ▁is ▁not ▁tax - ded uct ible ▁ ▁No ▁increase ▁of ▁capital ▁ ▁L oss es ▁( sh r inking ▁of ▁capital ) ▁are ▁not ▁tax - ded uct ible ▁ ▁Limited ▁in ▁volume ▁( volume ▁of ▁external ▁finan cing ▁as ▁well ▁is ▁limited ▁but ▁there ▁is ▁more ▁capital ▁available ▁outside ▁- ▁in ▁the ▁mark ets ▁- ▁than ▁inside ▁of ▁a ▁company ) ▁ ▁See ▁also ▁ ▁external ▁finan cing ▁capital ▁structure ▁ ▁External ▁links ▁Definition ▁at ▁invest or ▁words . ▁ ▁References ▁▁ ▁Category : Cor por ate ▁fin ance ▁Category : Fin an cial ▁mark ets <0x0A> </s> ▁Ele an or ▁Ep ke ▁also ▁known ▁as ▁Ell ie ▁Ep ke ▁( born ▁ 6 ▁January ▁ 1 9 9 8 ) ▁is ▁an ▁English ▁born ▁New ▁Zealand ▁female ▁squ ash ▁player . ▁She ▁achieved ▁her ▁highest ▁career ▁P SA ▁singles