Any corporate investment decision is highly dependent on the corporate internal cash flow and is quite sensitive to the variance of cash flow uncertainty. This paper empirically examines the association between cash flow uncertainty, state ownership and corporate real estate holding using the...

Studies on corporate takeovers are voluminous but typically assume that acquirers are not financially constrained. We show that acquirers’ free cash flow (FCF) levels have significant impacts on their takeover activities and consequences. Acquirers with low FCF, despite their high levels of...

Purpose of the study: - In this paper, we are studying the relationship between cash flow volatility with the trade credit in Pakistan (Companies registered in Pakistan). Design /Methodology/Approach: - In this study, we have taken 100 companies registered in Pakistan we have summary statistics...

There is still no consensus on whether common institutional investors exercise effective monitoring of managers or tacitly collude with managers in corporate governance. This study examines the role played by common institutional investors in corporate governance from the perspective of...

This paper investigates the impact of accounting information on the cash flow from operations in the international firms, for the purpose of expecting investors’ decisions to be biased based on this impact. I use two regression models to investigate this relation and to examine the paper’s...

The investment-cash flow sensitivity (ICFS) of Chinese firms declined during the global financial crisis, which contradicts the conventional financial constraint interpretation of ICFS. We analyze this phenomenon by examining how cash flow uncertainty affects the ways of financing investment. We...

This research aims to test and analyze information from the cash flow statement on the share return. The cash flow intended is from operating, financing, and investing activities. Meanwhile, the shares utilized belong to the infrastructure, utility, and telecommunication companies listed on the...

In recent years, a move for destination-based taxes on business profits has become visible around the world. The most revolutionary and sophisticated model for international tax reform is the ‘Destination-Based Cash Flow Tax’ which is meant to replace the traditional corporate income tax and...

Prior literature finds that cash flows are more persistent than accruals. We show that this finding arises from empirical specifications that do not completely incorporate non-current accruals and do not account for accrual estimation errors. We develop a specification that addresses these two...

Firms that are flagged as possible income manipulators have less persistent income, accruals, and cash flows when compared with non-flagged firms. The accruals persistence for flagged firms returns to the same level of accruals persistence for non-flagged firms after one year; however, cash flow...