Search Results - subject_exact:"Cash flow"

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A macroeconomic perspective on stock market valuation ratios

Atkeson, Andy; Heathcote, Jonathan; Perri, Fabrizio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618230

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A macroeconomic perspective on stock market valuation ratios

Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio - 2026

Book / Working Paper

Why people disagree about what drives stock prices

Atkeson, Andy; Heathcote, Jonathan; Perri, Fabrizio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617302

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Why people disagree about what drives stock prices

Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio - 2026

Book / Working Paper

Can we (still) predict future earnings? : the case of China and Indonesia

Sulistiawan, Dedhy; Rudiawarni, Felizia Arni; Sudibyo, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614134

Complementarities between loan sales and standby letters of credit : a theoretical model

Gargalas, Vassilios N.; Corzo, Mario G. - 2026

In their traditional function, commercial banks engage in recourse loan sales while evaluating clients' creditworthiness and assuming risk. However, banks face regulatory constraints that prevent them from fully exploiting this activity. Loan sales with recourse are treated as deposits, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639896

From risk to resourcefulness : how does financial uncertainty shape waste management and circularity?

Slama, Afef; Khelil, Imen - 2026

Financial volatility increasingly challenges firms to maintain operational sustainability; yet the mechanisms through which cash flow uncertainty (CFU) shapes environmental practices remain unclear. Based on an international unbalanced panel of 14,798 firm-year observations (2010–2021), this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643322

Affordability of cash : from stocktaking to why and how

Rösl, Gerhard; Seitz, Franz - 2026

This paper analyzes the affordability of cash in an international context. After outlining why cash should remain a core component of a diversified payment mix within a resilient and efficient payment system, we discuss methodological challenges associated with measuring the costs of payment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636428

Closed-form valuation of discounted cash flows with finite poisson arrivals in a finite horizon

Kitamura, Yuto; Kudo, Yuta; Shimoshimizu, Makoto; Goto, … - 2026

This paper derives a closed-form expression for the expected discounted value of aggregate cash flows when arrival times follow a Poisson process but both the time horizon and the number of arrivals are finite. The result provides a tractable analytical formula for the expected discounted sum...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640331

Seasonal variation in cash flows and the timing role of accruals

Kapons, Martin; Veenman, David - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651921

Consumption responses to rising mortgage rates : unpacking the cashflow channel of monetary policy

Andersen, Asger Lau; Jakobsen, Andreas; Jørgensen, … - 2026

We study the transmission of rising interest rates to consumption using granular customer data from a major bank in Denmark. We show that households with adjustable-rate mortgages gradually reduced spending and increased deposits as market rates soared in 2022 but made no further spending cuts...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656790

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Consumption responses to rising mortgage rates : unpacking the cash-flow channel of monetary policy

Andersen, Asger Lau; Jakobsen, Andreas; Jørgensen, … - 2026

Book / Working Paper

Mutual fund style drift measured using higher moments and its cash flow incentive

Chen, Qi; Wang, Peng; Yang, Dong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372664

Reconciling macroeconomics and finance for the U.S. corporate sector : 1929 to present

Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210445

The impact of share repurchases on bank operating performance after the global financial crisis : a comparison between the U.S. and Europe

Corbalán, Juan; Ferrer, Román - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330618

Earnings management by acquiring firms in cash mergers

Malikov, Kamran T.; Zalata, Alaa Mansour - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195300

Inventor-base concentration and corporate cash holdings

Wang, Jin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334601

A granular look into firms' cash portfolios

Yook, Youngsuk - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339665

Adjusted air pollution exposure and corporate innovation investment : evidence from China

Liu, Jie; Chi, Jing; Kabir, M. Humayun; Hafeez, Bilal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457635

The effects of multinationality on the market value of cash : evidence from Latin America

Manoel, Aviner Augusto Silva; Moraes, Marcelo Botelho … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015442924

Defining current and expected financial constraints using AI : reinterpreting the cash flow sensitivity of cash

Cho, Rachel; Görtz, Christoph; McGowan, Danny; … - 2025

We propose a new approach to identify firm-level financial constraints by applying artificial intelligence to text of 10-K filings by U.S. public firms from 1993 to 2021. Leveraging transformer-based natural language processing, our model captures contextual and semantic nuances often missed by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448013

Learning about discount rates

Dessaint, Olivier; Gondhi, Naveen; Peress, Joël - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408440

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Learning about discount rates

Dessaint, Olivier; Gondhi, Naveen; Peress, Joël - 2025

Book / Working Paper

Transitory and permanent cash flow shocks in debt contract design

Ma, Le; Sikochi, Anywhere; Xiao, Yajun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451358

Interdisciplinary measuring the life cycle phases of ICT firms

Prędkiewicz, Katarzyna; Machnik, Jadwiga - 2025

Purpose - This study aims to check whether the conclusions of measuring the firm life cycle by a model related to economics and finance (Dickinson model) are consistent with the model related to management (Greiner model). Design/methodology/approach - We applied the technique of individual...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015526437

Stagflationary stock returns

Knox, Ben; Timmer, Yannick - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438439

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Stagflationary stock returns

Knox, Ben; Timmer, Yannick - 2024 - This version: July 16, 2024

Edition: This version: July 16, 2024

Book / Working Paper

Forecasting cash flows of industrial enterprises in the context of implementing their development strategy : accounting, analytical, and organisational aspects

Pysarenko, Tetiana - 2025

The availability of cash at the disposal of any industrial enterprise provides a sense of economic freedom in the implementation of its development strategy. The total cash indicator is directly dependent on the cash flows across various types of activities. To meet the informational needs of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438776

Trade shocks and investment efficiency

Li, Wenjing; Peng, Yuanhuai; Sun, Hanwen; Tan, Youchao - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440927

Bank-firm relationships and the value of cash : evidence from the financial crisis in Japan

Kaneko, Mana; Sasaki, Toshinori; Suzuki, Katsushi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015431534

Cash Is Queen

Papineni, Sreelakshmi; Friedman, Jed; Goldstein, Markus; … - 2025

This paper examines the direct and spillover effects of cash transfers paid in a rural and low-income setting. In the short run, an unconditional cash transfer program for ultra-poor households in Northern Nigeria led to a 12 percentage point increase in micro-enterprise formation for program...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015411863

Digitalization intensity and its impact on financial performance : the role of scalable platforms

Moro Visconti, Roberto; Sánchez-García, Javier; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406761

Integrative analysis of traditional and cash flow financial ratios : insights from a systematic comparative review

Seretidou, Dimitra; Billios, Dimitrios; Stavropoulos, … - 2025

This systematic review analyzes and compares the predictive power between traditional financial ratios and cash flow-based ratios in estimating performance. Although traditional ratios of return on assets and debt to equity have received extensive application, cash flow ratios are increasingly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408386

Zero-beta risks and required returns : ESG and CAPM

Johnstone, David; Grant, Andrew - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015395995

Projects with no cost of capital

Levy, Moshe - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396007

The investment-cash flow sensitivity and the financing constraints hypothesis for emerging markets : a bibliometric and systematic literature review

Doruk, Ömer Tuğsal - 2025

Purpose - The literature on financing constraints in emerging markets is still under-researched and is often described as a "black box." This study aims to shed light on this underexplored area for emerging economies. Specifically, it attempts to understand the phenomenon of financing...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397358

Mandatory IFRS adoption and the usefulness of accounting information in predicting future earnings and cash flows

Li, Siyi; Sougiannis, Theodore; Wang, Sophia I. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399616

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Mandatory IFRS Adoption and the Usefulness of Accounting Information in Predicting Future Earnings and Cash Flows

Li, Siyi - 2017

Book / Working Paper

Structuring cash transfers : cash flow preferences, seasonality, and financial decisions in rural Kenya

Kansikas, Carolina; Mani, Anandi; Niehaus, Paul - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616341

Probability pricing

Dávila, Eduardo; Parlatore, Cecilia; Walther, Ansgar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616771

Common risk factors in REIT Returns : new insights

Coën, Alain; Guardiola, Philippe - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015435468

Auctioning control and cash-flow rights separately

Liu, Tingjun; Bernhardt, Dan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475207

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Auctioning control and cash-flow rights separately

Liu, Tingjun; Bernhardt, Dan - 2024

Book / Working Paper

Rational expectations tests on financial analysts' cash flow forecasts

He, Ting; Zheng, Kenneth - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605381

Determinants of credit spreads and cash flow-related lending in commercial real estate

Haffki, Ricarda; Hennig, Kerstin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606469

Optimizing cash flow management for ship financing leasing : risk identification, risk assessment, and management strategies

Wei, Lijun - 2025

This study examines the risks associated with ship financing leasing businesses from a cash flow perspective, with the objective of identifying operational risks, optimizing financing structures, and addressing potential challenges in the shipping market. The study establishes an NCF (Net Cash...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608028

Solar investment analysis : effects of electricity rate structure and financing terms on financial leverage, after-tax cash flow and profitability

King, Morgan; Popp, Michael P.; Anderson, John D.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611248

The cost of equity capital and investment sensitivity to the cash flows : evidence from Jordanian industrial companies

Ismail, Marah Bani; Ismaeel, Bader - 2025

This study aimed to examine the impact of the cost of equity on the sensitivity of investment to cash flows by utilizing cross-sectional time series data (Panel Data). The sample consisted of 25 industrial companies listed on the Amman Stock Exchange (ASE) from 2010 to 2020, encompassing a total...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613475

A structural model of a firm’s operating cash flow with applications

Arora, Kashish; Gaur, Vishal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015547492

Essays in climate finance and carbon markets

Fuchs, Maximilian - 2025 - First edition

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553155

Implementation of the WACC Notice and challenges in determining the VHCN risk premium

Stuck, Jana; Kulenkampff, Gabriele; Eltges, Fabian - 2025

In 2019, the European Commission published the WACC Notice that sets out a methodology for estimating the weighted average costs of capital (WACC) used by national regulatory authorities in the cost regulation of the telecommunication sector. The Notice is explicitly limited to legacy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558999