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Cash flow sensitivity of cash: when should we use it to measure financial constraints?
Since Almeida et al. (J Financ 59:1777–1804, 2004), there has been a long debate on whether the cash flow sensitivity of cash (CFSC) measures...
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Cash flow duration and market reactions to earnings announcements
This study examines how a stock security’s cash flow duration impacts stock price reactions at earnings announcements. We find that stock price...
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Free Cash Flow Models
Cash flow models include not only the dividend discount model but also free cash flow models, in which free cash flows are discounted at the expected...
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Free-Cash-Flow-Modelle
Zu den Cashflow-Modellen zählen neben dem Dividendendiskontierungsmodell auch die Free-Cash-Flow-Modelle, bei denen anstatt Dividenden frei...
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Shedding light on foreign currency cash flow hedges: transparency and the hedging decision
Utilizing firms in the S&P 500, we study whether greater transparency in the reporting of other comprehensive income (OCI) items, as mandated by ASU...
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Do investors infer future cash flow volatility based on liquidity?
Prior literature has studied the relationship between historic cash flow volatility and current levels of liquidity (Bates et al. in J Financ...
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A nonlinear dynamic approach to cash flow forecasting
We propose a novel grey-box model to capture the nonlinearity and the dynamics of cash flow model parameters. The grey-box model retains a simple...
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Option Pricing and Valuation of Contingent Cash Flow
This chapter introduces the concept of option, the principle and method for option valuation or option pricing. Generally, discounting and option...
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The impact of economic policy uncertainty and inflation risk on corporate cash holdings
This paper analyses the joint effects of Economic Policy Uncertainty (EPU) and inflation risk on the Corporate Cash Holdings (CCH) of US firms from...
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Short-Term Assets: Cash and Cash Equivalents
A balance Sheet (also known as the Statement of Financial Position) provides the value of a firm’s assets, liabilities, and equity on a particular...
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Does firm-level political risk affect cash holdings?
We investigate whether firm-level political risk affects corporate cash holdings. Taking a sample of 5424 US firms with 129,750 firm-quarter...
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The Cash Holdings of Fintechs and SMEs: Evidence from OECD Countries
Small and Medium Enterprises (SMEs) are considered to be an important engine of an economy. Given the impact of cash holdings on the survival of...
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Cash Flow: Easy Come, Easy Go
► Chapter 1 introduced the two major financial decisions that go into hel** the firm grow and increase...
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Analysis of the Statements of Cash Flows
FAS 95—Statement of Cash Flows—supersedes APB Opinion No. 19, Reporting Changes in Financial Position, and requires a statement of cash flows as part...
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Effects of Cash Waqfs on Sustainable Economic Development in the Balkans During the Early Modern Period
In the realm of economic development, various core factors lead to sustainable growth. Simply increasing economic activity doesn’t guarantee true...
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The cash-holding link within the supply chain
Using a customer–supplier matched sample of US-listed firms from 1980 to 2016, we study the corporate cash-holding relationship between suppliers and...
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The Annual Operating Statements: The Income Statement and Cash Flow Statement
The balance sheet of a company and the income statement are related. The balance sheet is an accounting snapshot at a point in time. The income,...
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Paying dividends: Cash or credit?
This paper examines to what extent firms utilize lines of credit to fund cash dividends. We find that higher dividend payouts are related to higher...
