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RBA Glossary definition for financial sector

financial sector – The sector of the economy that comprises financial institutions and financial markets.

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The Influence of Financial Factors on Corporate Investment

1 May 1994 RDP 9402
Karen Mills, Steven Morling and Warren Tease
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1994/9402.html

Introduction

1 May 1994 RDP 9402
Karen Mills, Steven Morling and Warren Tease
Smaller firms are generally considered to be more sensitive to changes in financial conditions. ... The paper finds evidence that financial factors do have a significant influence on investment.
https://www.rba.gov.au/publications/rdp/1994/9402/introduction.html

Conclusion

1 May 1994 RDP 9402
Karen Mills, Steven Morling and Warren Tease
Second, the impact of monetary policy will fall unevenly across the corporate sector. ... Financial factors appear to be less (if at all) important for larger firms or for firms with lower gearing.
https://www.rba.gov.au/publications/rdp/1994/9402/conclusion.html

Empirics

1 May 1994 RDP 9402
Karen Mills, Steven Morling and Warren Tease
q = Tobin's ‘q’. C = cash flows. L = stock of liquid financial assets. ... Mills, Morling and Tease (1993) consider this in more detail). As a result of this restructuring, the financial health of the corporate sector has improved considerably.
https://www.rba.gov.au/publications/rdp/1994/9402/empirics.html

Finance and Investment Theory

1 May 1994 RDP 9402
Karen Mills, Steven Morling and Warren Tease
Adding financial factors into the analysis means that monetary policy will also affect investment through its effect on the financial position of the corporate sector. ... Because the importance of these factors will vary across firms depending on their
https://www.rba.gov.au/publications/rdp/1994/9402/finance-investment-theory.html