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The influence of cash flow volatility on firm use of debt of different maturities or zero-debt : International evidence

O'Connor Keefe, Michael; Nguyen, Huyen - 2022

The empirical international literature on the relationship between firm cash flow volatility and debt maturity and zero … associated with our measure of debt maturity at less than a 1% level of significance. Relative to unconditional means of debt … maturity, a one standard deviation increase in cash flow volatility implies a 2.57% decrease in the probability of firms using …

Persistent link: https://www.econbiz.de/10013306166

Evaluation of the forecasting capability of selected valuation models for a long-term equity investment

Hakuba, Susanne - 2006

Persistent link: https://www.econbiz.de/10003326415

Do Analysts' Cash Flow Forecasts Mitigate the Accrual Anomaly? International Evidence

Gordon, Elizabeth A.; Petruska, Karin A.; Yu, Minna - 2021

We investigate the role of analysts’ cash flow forecasts in mitigating the accrual anomaly in an international setting. Based on a sample from 20 world market economies, we find less market overestimation of the accrual component of earnings for firms where analysts issue both cash flow...

Persistent link: https://www.econbiz.de/10013218750

The Informativeness of Analysts' Cash Flow Forecasts : International Evidence

Wang, Changjiang (John); Yu, Minna - 2021

In an international setting, this study investigates the information content of analysts’ cash flow forecasts by examining the immediate market reaction to analysts’ cash flow forecast revisions. Using a large sample from 57 countries or jurisdictions over the period 1994 to 2018, we find...

Persistent link: https://www.econbiz.de/10013221553

Do Analysts' Cash Flow Forecasts Mitigate the Accrual Anomaly? International Evidence

Gordon, Elizabeth A. - 2014

We investigate the role of analysts' cash flow forecasts in mitigating the accrual anomaly in an international setting. Based on a sample from 20 world market economies, we find less market overestimation of the accrual component of earnings for firms where analysts issue both cash flow...

Persistent link: https://www.econbiz.de/10013053787

Risk, Return and Cash Flow Characteristics of Infrastructure Fund Investments

Bitsch, Florian - 2012

We analyze the risk, return and cash flow characteristics of infrastructure investments by using a unique dataset of deals done by private equity-like investment funds. We show that infrastructure deals have a performance that is higher than that of noninfrastructure deals, despite lower default...

Persistent link: https://www.econbiz.de/10013111721

The Cash Flow Concept in Modern Financial Analysis of Internal Sources of Companies’ Investment Financing

Bukvic, Rajko; Pavlovic, Radica - 2023

In recent theories of financial analysis, a financial approach has been adopted which is based on the dynamic (modern) coefficients established from cash flows - cash flow indicators. Some of the areas of their application are capital investments, which largely depend on internal sources of...

Persistent link: https://www.econbiz.de/10014350161

The value-added of investable hedge fund indices

Heidorn, Thomas; Kaiser, Dieter G.; Voinea, Andre - 2010

This paper empirically investigates the risk and performance of three types of alternative beta products over the January 2002 to September 2009 time period: funds of hedge funds (FHFs), investable hedge fund indices (IHFIs), and hedge fund replication strategies (HFRS). We show that IHFIs are...

Persistent link: https://www.econbiz.de/10003979808

Beta instability and implications for hedging systematic risk : takeaways from the COVID-19 crisis

Ben Dor, Arik; Florig, Stephan; Guan, Jingling; Zeng, … - In: The journal of portfolio management : JPM 47 (2021) 6, pp. 139-155

Persistent link: https://www.econbiz.de/10012517348

Oil price and reserve location: effects on oil and gas sector returns

Kretzschmar, Gavin L.; Kirchner, Axel - In: Global finance journal 20 (2009) 3, pp. 260-272

Persistent link: https://www.econbiz.de/10003921980