We use network analysis to quantify the flow of information through financial markets. Using unique ultra high frequency data, we compute network and financial variables for transactions that occured during August 2008 in the nearby E-mini S&P 500 futures contract – the cornerstone of price discovery for the S&P 500 Index. We find that network variables presage the information represented by fi...

We extend the Barth, Cram, and Nelson (2001) model with disaggregated accruals by investigating whether cash flow components (core and non-core cash flows) improve cash flow predictability. BCN investigate the role of accrual components in predicting future cash flows while this study extends their study by investigating the role of cash flow components. We propose a cash flow prediction model ...

This investigation is among the first ones to analyze the neural basis of an investment process with money flow information of financial market, using a simplified task where volunteers had to choose to buy or not to buy stocks based on the display of positive or negative money flow information. After choosing "to buy" or "not to buy," participants were presented with feedback. At the same time...

dividend policy has long been an issue of interest in the financial literature. to date, a number of studies published on agency costs and dividend policy but most of them are on developed markets, it is well known that the emerging markets are quite different from developed markets in all respects. so, the existing published evidence is of limited relevance in identifying the influence of agen...

We study the relationships between firm financial structure and growth for a large sample of Italian firms (1998-2003). We expand upon existing analyses testing whether liquidity constraints affect firm performance by considering among growth determinants also firm debt structure. Panel regression analyses show that more liquid firms tend to grow more. However, firms do not use their capital to...

Recently, banks and enterprises are gradually involved in B2B electronic money C Plan abbreviated as electronic money. However, few articles have related e-commerce to the financial area. The main purpose of this study is to investigate the relationship between financial characteristics and implementing electronic money by e-commerce, and whether implementing electronic money will affect the fi...

Prof.T.Velnampy Dean, Faculty of Management Studies and Commerce, University of Jaffna. Abstract This study examines the performance of Dialog Axiata PLC and Sri Lanka Telecom PLC by employing both cash flow ratios and traditional financial ratios over the past five years. Using the financial statements from Colombo Stock Exchange (CSE) website, independent sample t-tests were used for the anal...

Traditional project investment methods, such as the discounted cash flow (DCF) with a fixed static plan, are no longer sufficient to assist the corporate strategies of seizing opportunities and profitability. The option pricing formula includes a theoretical framework for pricing financial options, assuming that the risk in a financial hedged position is zero, if the option is adjusted continuo...