the aim of this study was to investigate the relationship between growth opportunities, risks, and relative changes in the company's cash assets. this study is a literature study and analysis was based on an analysis of panel data. in this study, a financial data of 112 companies listed in tehran stock exchange during the period 2009 to 2014 have been reviewed. the results in relation to t...

This article studies the Hazardous Orienteering Problem (HOP), a variant of more famous (OP). In OP, vehicle earns profit for each customer it visits (e.g., to pick up parcel) subject an upper bound on tour time. HOP, parcels picked at some customers have probability triggering catastrophic event. The depends how long travel vehicle. If any event triggers, entire collected is lost. goal determi...

I document a positive relationship between excess cash holdings of actively managed equity mutual funds and future fund performance. The difference in returns of portfolios of high and of low excess cash funds amounts to over 2% annually, or approximately 3% after standard risk adjustment. I study whether this difference in performance can be explained by the differences in managerial stock sel...

A firm's cash flow policies, which manage working capital in the form of cash receivables from customers, inventory holdings, and cash payments to suppliers, are inexorably linked to the firm's operations. Building on earlier research, this study: (i) extends prior studies by examining the relationships between changes in cash flow measures and changes in firm financial performance using a long...

Using variations in local real estate prices as exogenous shocks to corporate financing capacity, we investigate the causal effects of financial flexibility on cash policies of US firms. Building on this natural experiment, we find strong evidence that increases in real estate values lead to smaller corporate cash reserves, declines in the marginal value of cash holdings, and lower cash flow se...

Cash forecasting plays a vital role in any financial organization to maintain the optimal cash balance to satisfy the customer needs on a daily basis without any delay. In the traditional approach statistical methods were used for cash forecasting. Banks have great challenges to avoid the surplus cash as well as to keep adequate cash to meet the customer demand. An intelligent model is needed t...

We construct empirical proxies for cash-flow timing and matching problems and provide evidence on the ability of this accrual generating factor to explain accruals. Researchers lament our meager understanding of the process that spawns accruals (Owens et al., 2013, Ball, 2013, McNichols, 2000). Our aim is to map the explanatory power boundaries demarcated by our current knowledge of the role of...