Cash-flow Notation: We use (c0, c1, . . . , ci, . . . , cn) to denote the series of cash-flows where ci is received at time t = i . The length of a period, i.e. the interval of time between t = i and t = i + 1, will usually be understood from the context. Negative cash-flows refer to cash payments. The initial cash-flow, c0, will often be negative while the remaining cash-flows are positive. Th...

This study aims to analyze differences in the company's financial performance before & after merger of PT Holcim Indonesia Tbk. The is measured using ratios: liquidity ratios (current ratio cash ratio), solvency (debt debt equity activity (total assets turn over fixed over), profitability (nett profit margin gross margin), market (earnings per share price earnings ratio). quantitative metho...

Detection of fraudulent financial stewardship in the cash flow section is an exciting thing and rarely studied. This research empirically tests discovery statements based on basic shenanigans. The sample this study amounted to 470 data mining companies Indonesia, Malaysia, China, Japan. analysis method used a positive approach. results show that all ratios can predict statements. Three shenanig...

The decline in cash revenue in Russia has been the key macroeconomic policy failure of the transition. During 1994–98, a sharp deterioration in cash compliance was offset by a rise in non-cash revenue, as the government increasingly financed its spending through mutual arrears write-offs. This paper argues that the fall in cash compliance emerged when money printing was replaced with a method o...

This study aims to investigate the impact of deviation from optimal level of cash holdings on adverse selection and moral hazard problems. The data set includes 106 listed firms of Tehran Stock Exchange during the period of 2005-2016 and both panel data and cross-sectional data multivariate regressions were utilized in different stage of analysis to test the hypotheses. According to the optimal...

The research on off-line electronic cash(e-cash) schemes has drawn much attention since Chaum etc [8] presented the first off-line anonymous electronic cash scheme in 1988. However, anonymous electronic cash schemes also facilitate fraud and criminal activities [32], such as money laundering, blackmailing and illegal purchases. Frankel etc [13]. first introduces the concept of fair electronic c...

This paper investigates the link between the optimal level of non–financial firms’ liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for cash that shows that firms are likely to change their liquidity ratio in response to changes in uncertainty. We test this proposition using a panel of non–financial US firms drawn from COMPUSTAT quarterly database co...

Census data, collected in July 2009, from 27,672 children were used to compare the effectiveness, coverage and efficacy of three household-based methods for targeting cash transfers to vulnerable children in eastern Zimbabwe: targeting the poorest households using a wealth index; targeting HIV-affected households using socio-demographic information (households caring for orphans, chronically-il...

This paper documents the short and long term balance sheet effect of cash flows. We show that cash savings in the short run and debt reduction in both the short and the long run account for a substantial fraction of cash flow use. Although, in the long run, investment exhibits substantial sensitivity to cash flows, investment does not absorb the entire cash flow shock. In fact, the tighter the ...

UNLABELLED Previous research has shown discrepancies between a standard diagnostic interview for schizophrenia (CASH) and a culture sensitive version of this instrument (CASH-CS) in Moroccan patients. More specifically we showed that among Moroccan immigrants the CASH-CS resulted in fewer patients with a diagnosis of schizophrenia compared with diagnoses based on the CASH, whereas for Native Du...