Zobrazeno 1 - 6
of 6
pro vyhledávání: '"Rebekka Haller"'
Publikováno v:
Journal of Asset Management. 20:508-533
This paper examines the cross-sectional properties of stock return forecasts based on Fama–MacBeth regressions using all firms contained in the STOXX Europe 600 index during the September 1999–December 2018 period. Our estimation approach is stri
Publikováno v:
Quarterly Review of Economics and Finance
We examine the relationship between liquidity crises and frictions in raising funds, and find that both the gap between the cash flow sensitivities of financially healthy and weak firms and the cash flow sensitivities of healthy and weak firms themse
Publikováno v:
Transportation Research Part A: Policy and Practice. 90:26-49
Using a system of equations model, we analyze how cash flow shocks influence the investment and financing decisions of shipping firms in different economic environments. Even financially healthy shipping firms felt strong negative effects on their fi
Publikováno v:
SSRN Electronic Journal.
This paper examines the cross-sectional properties of stock return forecasts based on Fama-MacBeth regressions using all firms contained in the STOXX Europe 600 index during the September 1999-December 2018 period. Our estimation approach is strictly
Publikováno v:
Journal of Corporate Finance. 23:196-221
Zero-leverage is an international phenomenon which has increased over time. The increasing prevalence of zero-leverage firms is related to IPO waves and the accompanying changes in industry composition. In addition, we attribute the higher propensity
Do Cash Flow Sensitivities Vary During Non-Crisis and Liquidity Crisis Periods and Across Countries?
Publikováno v:
SSRN Electronic Journal.
Estimation of a multi-equation cash flow sensitivity model shows that capital market constraints vary with economic conditions. Since earlier studies use data that covers different economic conditions, their findings smooth-out effects of constraints