Zobrazeno 1 - 10
of 1 451
pro vyhledávání: '"Price/cash flow ratio"'
Publikováno v:
The Journal of Finance. 76:1731-1772
Unexpectedly severe winter weather, which is arguably exogenous to firm and bank fundamentals, represents a significant cash flow shock for bank-borrowing firms. Firms respond to these shocks by drawing on and increasing the size of their credit line
Publikováno v:
The Review of Financial Studies. 33:5092-5130
What is the effect of cash injections during financial crises? Exploiting county-level variation arising from random weather shocks during the 1980s Farm Debt Crisis, we analyze and measure the effect of local weather-driven cash flow shocks on the r
Autor:
Håkan Jankensgård, Niclas Andrén
Publikováno v:
Journal of Business Finance & Accounting. 47:760-785
According to a recent conjecture in the literature, earnings have become a poorer proxy for cash flow from operations over time. We find that since 1988, when cash flow statements started to be consistently reported in Compustat, the cash effectivene
Autor:
Jacob Oded
Publikováno v:
Journal of Business Finance & Accounting. 47:218-252
This paper builds on the agency costs of free cash to explain how firms determine their payout policies. Payout methods considered are dividends and open-market stock repurchase programs. Dividends eliminate the agency costs of free cash by reducing
Autor:
Xiaodan Gao
Publikováno v:
Management Science. 64:4858-4876
I explore the role of the just-in-time (JIT) inventory system in the increase in cash holdings by U.S. manufacturing firms. I develop a model to illustrate the mechanism through which JIT affects cash and quantify its impact. In the model, both cash
Autor:
Widi Hidayat
Publikováno v:
Ekuitas: Jurnal Ekonomi dan Keuangan, Vol 13, Iss 2, Pp 139-156 (2018)
The negative impact of economic crisis in Asia to internal financial decision included investment decision, financing decision, and dividend decisions. This condition is loser if external factors such as inflation rate, interest rate, and exchange ra
Autor:
Aulia Rahman
Publikováno v:
Ekuitas: Jurnal Ekonomi dan Keuangan, Vol 15, Iss 2, Pp 232-246 (2018)
F ree cash flow agency problem causes potential conflict of interest between managers and shareholders. Managers of firms with high free cash flow and of low growth opportunity tend to invest in marginal or even negative NPV project and use earnings
Autor:
Hening Widi Oetomo, Rajio Suwahyono
Publikováno v:
Ekuitas: Jurnal Ekonomi dan Keuangan, Vol 10, Iss 3, Pp 307-334 (2018)
The users of financial information need financial statements of company to analyze their financial conditions and performances. Financial ratios are useful measure for predicting the stock price. The study focused on the usefull of financial ratios i
Autor:
Muhammad Wahyuddin Abdullah
Publikováno v:
Ekuitas: Jurnal Ekonomi dan Keuangan, Vol 15, Iss 3, Pp 352-369 (2018)
The objective of research seems to examine the effect of accrual and cash flow components in predicting earnings persistence. Research also aims at observing the effect of earnings persistence on stock prices, understanding the effect of accrual and
Publikováno v:
Transportation Research Part E: Logistics and Transportation Review. 112:107-124
We examine the corporate cash holdings of listed shipping companies and show that shipping firms hold more cash than similar firms in other asset-heavy industries. Higher cash holdings in the shipping industry are not attributable to firm- or country