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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... -
Are earnings better than cash flows at predicting future cash flows? Evidence from apples-to-apples comparisons
We compare the abilities of earnings and cash flows to predict future cash flows. We take a novel approach in that we perform apples-to-apples...
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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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What Drives Negative Investment-Cash Flow Sensitivities? Revenue Effect Versus Corporate Life-Cycle Dynamics
In order to identify the economic driver of negative investment-cash flow sensitivities (ICFS), we derive testable predictions from extending...
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Business Group Affiliation, Financial Distress and Corporate Investment-Cash Flow Sensitivity: Evidence from India
This study explores the role of business group affiliation and financial distress on determination of corporate investment policy of the... -
Spatial variations in financial constraints of SMEs—evidence from firm-level estimates of investment-cash flow sensitivities in Sweden
It is well established that there is uneven availability of credit across space, in particular for SMEs. The evidence on whether this translates into...
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Impact of Financial Ratios on Net Cash Flow of Vietnamese Listed Companies
The objective of the study is to investigate the effect of financial ratios on the net cash flow of companies listed on the Vietnam stock exchange in... -
Cash Flow Valuation and ESG
Environmental, social, and governance (ESG) data expand the objectives of the organizations so that they eventually achieve sustainability and, by... -
A multidimensional review of the cash management problem
In this paper, we summarize and analyze the relevant research on the cash management problem appearing in the literature. First, we identify the main...
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Cash and Working Capital
Even a profitable business, one whose revenues are higher than the costs borne in generating those revenues, can fail because of bad cash... -
Effects of a monthly unconditional cash transfer starting at birth on family investments among US families with low income
How does unconditional income for families in poverty affect parental investments for their young children? Mothers in four US metropolitan areas...
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The effects of cash transfers on adult and child mortality in low- and middle-income countries
Poverty is an important social determinant of health that is associated with increased risk of death
1 –5 . Cash transfer programmes provide... -
Examining the Impact of Idiosyncratic Risk on Corporate Cash Holdings: Evidence from China
Insiders are known to trade when they believe their companies are undervalued and when they have access to confidential information regarding future...
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How cash-back strategy affect sale rate under refund and customers’ credit
This paper attempts to develop a dynamic model for a chain, including online shops and customers. In this chain, online shops can sell their goods...
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Derivation of biometrically dependent cash flows
The article deals with cash flows of future payments based on a promised payment in the area of life or pension insurance. Such a cash flow therefore...
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Sensitivity analysis of greenhouse gas emissions at farm level: case study of grain and cash crops
Sensitivity analysis is useful to downgrade/upgrade the number of inputs to limit greenhouse emissions and enhance crop yield. The primary data from...
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CEO overconfidence and the adjustment speed of leverage and cash: evidence on cash is not the same as negative debt
Overconfident CEOs speed up (slow down) adjusting firm leverage if it is above (below) target leverage. In addition, overconfident CEOs speed up...
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Public cash and modes of firm exit
We investigate the importance of public cash for modes of firm exit. Drawing on data from Slovenia, we assemble a firm-level panel that combines...