This study investigates the financial and operational implications of enterprise systems (ESs) in corporate risk management. Using matched difference-in-differences analyses based on ES implementation events, we document a significant reduction in the volatility of operating cash flows following...

Corporate reputation is a paramount driver of value creation and competitive advantage in the 21st century. Motivated by the importance of cash flows and the under-researched nature of its volatility in the corporate finance literature, we investigate the impact of corporate reputation on cash...

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...

We empirically examine the cash flow statements for Japanese banks and whether their managers engage in classification shifting to temper concerns about risk exposure. To create a buffer against liquidity shocks, they shift cash flows from investing and/or financing activities to operating...

Motivated by the present-value framework, this article proposes a novel and flexible semiparametric time-varying model to examine the so-called `pockets of predictability,' i.e., stock returns or cash flows are significantly predictable in a given local period. We apply a semiparametric profile...

Cash is the most current asset of a company, used to finance operational activities carried out by the company. Due to its highly liquid nature, a report detailing the use of cash is required. The higher the operating net cash flow, the more liquidity will increase. Investment cash flow...

The purpose of this article is to analyze the effect of the time value of money on the financial statement. The article also includes discussions on the income statement, retained earnings, statement of financial position, cash flow statement, and time value of money

The purpose of the study is to examine the impact of agency issues such as free cash flow, empire-building, managerial risk aversion, and private benefit of control on post-merger financial performance in the context of emerging markets of SAARC and ASEAN regions. The sampling period for the...

This review article summarizes contracting practices and academic insights on the cash flow rights held by Venture Capital (VC) investors in US startups. VCs predominantly invest through Convertible Preferred stock, combining debt-like liquidation preferences with equity conversion rights....