We examine whether the cash flow sensitivity of is asymmetric using a sample 745 firms from understudied African countries over period 2000–2015. hypothesise and find significant asymmetry in conditional on financial constraints. Firms with positive save while those negative dissave. These differences are more apparent presence Our results affirm highlight severity impact constraints corporate ...

We develop an agency model of financial contracting. We derive long-term debt, a line of credit, and equity as optimal securities, capturing the debt coupon and maturity; the interest rate and limits on the credit line; inside versus outside equity; dividend policy; and capital structure dynamics. The optimal debt-equity ratio is history dependent, but debt and credit line terms are independent...

As investment increases in capital projects, financial risks increase, and cash flow prediction control become more paramount. Higher could hinder project performance increase the chances of failure multiple aspects a project. While there are models that aim to assess forecast construction industry, none present technique include impact on project’s flow. Therefore, forecasts tend exceed actual...

Resource constrained project scheduling problem is one of the most important issues in project planning and management. The objective function of this problem is to minimize the completion time of a project. When there is budget constraint or high risk for investment, using the criteria such as cash flows is so important. The development of computer systems and processors makes it possible to t...

I grate thank was p G12 Asset Pricing Each company faces day to day investment opportunities. Just by staying in business the company is taking a decision of reinvesting. These oportunities have to be fairly valued to overcome misallocation of resources. When a company has a contingent cash flow (growth option), and under particular circumstances this stream of cash flow is valued using the dis...

In this study, tactical decisions considering the material and financial flows in a supply chain have been made. To achieve these aims and some effective solutions, a multi-objective mathematical model proposed for an integrated supply chain master planning problem. The multi-product, multi-period and capacitated supply chain network has three objective functions. Two first objective functions ...

Biography Emily Elizabeth Dickinson was born in Amherst, Massachusetts, on December 10, 1830, the elder daughter of lawyer Edward Dickinson and Emily Norcross Dickinson. Dickinson was the second of three children, a year younger than her brother, William, and three years older than her sister, Lavinia. She was born in a large house built by her grandfather, Samuel Fowler Dickinson; except for a...