Subjects in a controlled laboratory experiment choose a withdraw policy from a cash flow evolving according to an arithmetic Brownian motion. Earnings are based on total withdraws but aggressive withdraw policies expose the subject to risk of ruin. The policy that maximizes expected earnings does not, in general, maximize the odds of survival. We find that in treatments in which wealth maximiza...

During times of inflation, the use of the last-in, first-out (LIFO) method of inventory valuation has the effect of lowering the reported earnings by excluding inventory holding gains from this number. Current income tax payments due on the reduced earnings are also lower. Taxes payable on inventory holding gains, therefore, are postponed until some future period when the inventory is liquidate...

The purpose of the research is to examine about effect leverage, growth opportunity, net working capital and dividend payment on cash holding in manufacture companies listed Indonesia Stock Exchange for period 2018 - 2020. used 47 that were selected using purposive sampling method a total 141 data three years. Eviews 12.0 as processing program assist process also panel regression analysis. resu...

This paper studies the effects of corporate cash holdings on firm pricing strategy. Focusing on the airline industry to identify markets and rivalry, and utilizing the Aviation Investment and Reform Act of the 21 Century (AIR-21) as a quasi-natural experiment to identify exogenous increases in market-level competition, I test the effect of ex-ante relative-to-rival cash holdings on ex-post chan...

Cash management is important for energy SMEs, which, differently from large firms, face severe financial constraints and need to seize growth opportunities ensure their survival. This paper, analyzing a sample of European finds positive effect holding buffer cash on firm performance. It shows that stock allows firms prevent negative contingencies and/or achieve valuable patterns investments. Mo...

This study aims to examine the influence of cash holding, leverage and political connections (CSR) on earnings quality. In addition, moderating role corporate social responsibility in relationship between variables also examined. Data were collected from financial statements sustainability reports Indonesian manufacturing companies, listed Indonesia Stock Exchange (IDX). derived stock exchange ...

Investment is a crucial process that influenced by many factors, one of which cash flow, on hand, and profit. Therefore, it important for investors to understand the condition company when they want invest. This study aims examine effect Cash Flow, Holding, Profitability, Financial Constraints in Companies Indonesia. Population all manufacturing companies food beverage industry listed IDX. The ...