Based on unbalanced panel dates of 4060 companies listed from 2003 2007 in Shanghai and Shenzhen Stock Markets, this paper empirically studies the degree of product market competition, the relationship between cash dividends distribution tendency and cash dividends policy. Results show that controlling shareholders have significant motivation to distribute cash dividends, and this kind of incen...

Stock Liquidity and Corporate Cash Holdings: Feedback and the Cash as Ammunition Hypothesis We advance the feedback/cash as ammunition hypothesis, namely that firms hold cash to address feedback from stock prices to cash flows and growth opportunities. Firms with more liquid stocks are expected to hold more cash, the opposite of the prediction from a standard information asymmetry perspective o...

Purpose Recognizing the severity of COVID-19 on US economy, authors investigate behavior US-listed firms towards leverage speed adjustment (SOA) during pandemic. While prior evidence (based an international study) shows that firm increased pandemic leading to a higher SOA toward ratios, for same period reduced drastically. Yet there is dearth empirical studies firms' The fill this void. Design/...

This paper provides an empirical analysis about the relationship of corporate governance and cash dividend policy in China. The results show that equity structure and the cash dividends are related. Other factors such as executive pay are related to cash dividends. This paper also analyzes the requirement of cash dividends on behalf of the corporate governance or big shareholders "Tunnel behavi...

PURPOSE To validate the Johns Hopkins ACG case-mix system used in various primary and specialized care centers attending a defined population in Spain. METHODS A retrospective, multicenter study was carried out by applying the ACG case-mix system to the clinical records of patients attending five primary care teams and two hospitals over a 1-year period in 2005. The main measurements were dep...

Construction projects are complex and risky. According to the literature, even profitable construction companies can fail due to poor cash flow. In order to survive in this rapidly changing environment, effective cash flow management is essential. Many unforeseen factors affect a construction project’s cash flow. The objective of the research presented in this paper is to examine the impact of ...

cash flow forecasting is an indispensable tool for construction companies, and is essential for the survivalof any contractor at all stages of the work. the time available for a detailed pre-tender cash flow forecast is oftenlimited. therefore, contractors require simpler and quicker techniques which would enable them to forecast cash flowwith reasonable accuracy. forecasting s-curves in constr...